Costco Earnings: Another Impressive Quarter
Costco Wholesale (NASDAQ: COST) was one of the retail industry's big winners last year. Consumers spent more than ever at the company's warehouses during the COVID-19 pandemic, stocking up on food and other essentials as well as stay-at-home items like electronics, appliances, home furnishings, and sporting goods.
The pandemic is finally easing -- at least in the U.S. -- but if anything, that seems to be driving further sales and earnings growth for Costco. On Thursday afternoon, the wholesale club giant reported impressive results for the third quarter of its 2021 fiscal year. Let's take a look.
Costco reports its sales on a monthly basis. Thus, investors knew even before the earnings release that the retailer would post strong top-line results. Indeed, adjusted comparable sales rose 11.1% in March and surged 24.2% in April.
Source Fool.com
