Costco reported its Q3 2024 earnings, showing strong performance that exceeded Wall Street expectations. The company posted a GAAP EPS of $3.78, surpassing the estimated $3.70. Net sales reached $58.52 billion, beating the forecasted $58.07 billion. Additionally, comparable sales excluding fuel and foreign exchange impacts grew significantly: U.S. sales increased by 6%, Canadian sales by 7.4%, and e-commerce sales surged by 20.7%, contributing to an overall growth of 6.5%. Despite these positive results, Costco's stock fell by 1.9% in after-hours trading. Previous quarter earnings included an EPS of $3.71 and revenue of $58 billion.
Costco Q3 earnings preview: Another quarter of growth expected as shoppers continue to prize value https://t.co/cn7KDBRU4M by @BrookeDiPalma
Costco double beats with comp sales ex-fuel & FX for Q3 FY 24 of: —U.S: +6% —Canada: +7.4% —E-commerce: +20.7% —Total: +6.5% $COST: -1.9% AH https://t.co/ZDzjlu9Obm https://t.co/cW8FapTbLO
$COST Q3 2024 GAAP EPS $3.78 Beats $3.70 Estimate Net Sales $58.52B Beat $58.07B Estimate https://t.co/gZIFtDbcSy
$COST EARNING PREVIEW🚨🚨 https://t.co/NSUI2VQsxv
$COST | Costco is reports earnings today after the markets close, Here are the Wall ST is expecting numbers: EPS of $3.71 Revenue of $58B Here are the previous of previous quarter earning. https://t.co/L0mA4vdbfx
Here is a rundown of Wall Street’s high-level expectations for CostCo's results, due after the closing bell https://t.co/OCE4EbRyr5
Costco $COST FQ3 earnings preview: What does Wall Street expect? https://t.co/YfERQwPvcg https://t.co/qdNBCDOTXL
Predict how Costco's $COST earnings go tomorrow using 5 words or less
Costco Q1 earnings preview: Another quarter of growth expected as shoppers continue to prize value https://t.co/NhR3ksTQc8 by @BrookeDiPalma