Earnings Preview: Did Costco's Stellar Earnings Growth Continue in Q4?
Costco Wholesale (NASDAQ: COST) has capitalized on the past year and a half of retail disruption to increase its market share. The warehouse club giant has also reported substantial margin expansion over the past few quarters, as surging customer traffic unlocked new efficiencies in its business.
On Thursday afternoon, Costco will release its results for the final quarter of its 2021 fiscal year, which covers the 16-week period that ended on Aug. 29. Here's what investors should be looking for in the upcoming earnings report.
Costco reports its sales results on a monthly basis, so we already know that sales continued to grow rapidly last quarter. Net sales for the quarter surged 17.4% year over year to $61.4 billion on a 15.5% increase in comparable sales. Excluding the significant tailwinds from higher gasoline prices and a weaker U.S. dollar, adjusted comparable sales rose 9.4% in the fourth quarter.
Source Fool.com
