Costco Q4 Net Sales Jump 11.3% to $93.9B, Full-Year Comps Up 8.4%
COST is trading near its 52-week low of $844.06 (10% above the low).
Summary
Costco reported fourth quarter net sales of $93.9 billion, up 11.3% year-over-year, with total comparable sales up 9.4%. Full-year net sales reached $297.3 billion, up 10.2%, and full-year comparable sales rose 8.4%. Digitally-enabled comparable sales grew 19.5% in the quarter, showing strong e-commerce momentum. The Labor Day shift negatively impacted August sales by slightly less than 75 basis points, but the underlying trend remains robust. This follows the August monthly sales report from yesterday, which showed 9.9% net sales growth; today's release adds the quarterly and annual figures, giving a fuller picture of the company's performance.
At the time of this announcement, COST was trading at $928.85 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $411.8B. The 52-week trading range was $844.06 to $1,096.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.