What to Expect From Costco Earnings

24/7 Wall St.

Money background. Close-up.Costco Wholesale Corp. (NASDAQ: COST) is scheduled to report its fiscal third-quarter financial results Wednesday after the markets close. Thomson Reuters has consensus estimates of $1.16 in earnings per share (EPS) on $26.63 billion in revenue. In the same period of the previous year, the retailer reported EPS of $1.07 and revenue of $25.79 billion.

The discount giant reported that April same-store sales, including gasoline sales and foreign exchange effects, rose 2% in the United States and fell 4% internationally. Overall, same-store sales were flat in the month. Excluding gasoline and currency exchanges, U.S. sales rose 7% and international sales rose 9%. On the same basis worldwide, sales in the quarter rose 7%. Net sales for the month totaled $8.75 billion, up 2% year-over-year. Retail Metrics had projected a same-store sales increase of 0.4% (5.1% excluding gasoline sales and foreign exchange effects).

In late April, Costco’s board of directors

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