From CNBC: 2024-12-12 16:48:45

Costco reported higher than expected earnings and sales for the fiscal first quarter, with earnings per share at $4.04 vs. $3.79 expected and revenue at $62.15 billion vs. $62.08 billion expected. Net income rose to $1.80 billion, with revenue increasing to $57.80 billion. The increase in membership fees also contributed to Costco’s success, with membership fee revenue coming in at $1.17 billion. Comparable sales increased 5.2% year over year, with e-commerce sales rising 13% in the quarter. Shares of Costco are up nearly 50% so far this year, closing at $988.39 on Thursday.



Read more at CNBC: Costco (COST) earnings Q1 2025 earnings