Costco beats earnings expectations, revenue and EPS up, but shares dip slightly.

From CNBC: 2024-05-30 20:08:39

Costco Wholesale exceeded third-quarter earnings expectations with revenue growing 9.1% to $58.52 billion and EPS reaching $3.78, up 29% annually. Despite missing gross margin estimates, Costco’s low prices and consistent growth continue to attract customers. The company remains focused on value and potential growth opportunities, such as technology investments and online order pickups. Membership fee increases and stock splits are anticipated but yet to be announced.



Read more at CNBC:: Costco (COST) shares dip despite earnings beat. We see no cause for concern