Infographic: A snapshot of Costco's (COST) Q2 2022 earnings – AlphaStreet

News . Data . Research
Categories AlphaGraphs, Consumer, Earnings
Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a double-digit increase in second-quarter earnings and revenues. The numbers also surpassed the consensus estimates.

Revenues increased 16% year-over-year to $51.9 billion and came in above analysts’ forecast. Total comparable store sales grew 14.4%, while e-commerce sales rose 12.5%.
The impressive top-line performance translated into a net income of $1.30 billion or $2.92 per share, which is higher than $951 million or $2.14 per share reported in the second quarter of 2021. The market was looking for a smaller number for the latest quarter.
Read management/analysts’ comments on Costco’s Q2 2022 earnings
Over the past twelve months, Costco’s shares gained about 66%. The stock traded lower on Friday afternoon after opening the session at $519.50.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Shares of Home Depot Inc. (NYSE: HD) have gained 27% over the past 12 months. The company benefited during the pandemic from strong demand for its products as customers took
When the pandemic triggered a new wave of digital transformation, Broadcom, Inc. (NASDAQ: AVGO) was already moving in the fast lane aided by its diversified product portfolio and strong chip
The retail industry is witnessing a major transformation driven by the widespread adoption of technology, but brick-and-mortar stores remain as relevant as ever despite the onslaught of eCommerce. The main
© 2020 AlphaStreet Inc. All Rights Reserved
[email protected]
44053 Fremont Blvd,
Fremont, CA 94538

source