Costco Wholesale: mixed results







Photo credit © ChaunuPictures

(Boursier.com) — Costco Wholesale changes little in pre-session on Wall Street. The distribution brand specializing in semi-wholesale has unveiled mixed quarterly accounts. In its third fiscal quarter, the firm recorded an adjusted EPS of $3.43 against $3.27 consensus for sales on a like-for-like basis and at constant exchange rates (excluding gasoline) up 3.5%, where the market expected an increase of more than 4%. Net income was $1.30 billion, or $2.93 per diluted share, with a one-time cost of goods charge of $298 million before tax ($0.50 per share), reflecting the cessation of maritime chartering activities. Online sales fell 7.8% in the quarter.


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