Costco Wholesale, Earnings, NASDAQ:COST
Costco Wholesale, Earnings, NASDAQ:COST
Created using ChatSlide
Costco Wholesale reported mixed Q2 2024 earnings, beating profit estimates but missing revenue expectations. Despite falling short of revenue, net income rose to $1.74 billion. The company saw year-over-year sales growth and strong e-commerce gains, with a significant increase in e-commerce sales. However, stock fell about 4% in aftermarket trading, despite a 19% rise since the start of the year. Future expectations include an expected increase in membership fees.