What To Expect From Costco’s Earnings
Costco (NASDAQ:COST) is scheduled to report its fiscal Q3 results on Wednesday, May 25. In the fiscal second quarter, the company’s sales were up 3% from the prior year. On a reported comp basis, Q2 comps were up 1% for the quarter, up 5% excluding gas and foreign exchange.
As seen from the above table, Costco’s U.S. sales have grown at an average of 3-4 percentage points higher than the U.S. retail sector as a whole. We expect Costco’s U.S. Q3 sales to follow suit. The table below breaks down the analyst consensus estimates for the company:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Costco
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