Costco Wholesale Q2 2024 Adj EPS $3.710 Beats $3.620 Estimate
Portfolio Pulse from Benzinga Newsdesk
Costco Wholesale (NASDAQ:COST) reported Q2 2024 adjusted EPS of $3.710, surpassing the $3.620 estimate by 2.49%. However, its quarterly sales of $58.442 billion fell short of the $59.156 billion estimate by 1.21%, though it represents a 5.75% increase from the previous year.

March 07, 2024 | 9:48 pm
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Costco's Q2 2024 earnings exceeded EPS estimates but missed on sales forecasts, showing a mixed financial performance with a significant year-over-year sales growth.
The surpassing of EPS estimates by 2.49% is a positive signal for investors, indicating better-than-expected profitability. However, the slight miss on sales forecasts could temper enthusiasm, suggesting potential challenges in revenue growth or market expectations not being fully met. The year-over-year sales increase of 5.75% is a strong point, showcasing continued growth. Overall, the mixed results may lead to a neutral short-term impact on Costco's stock price, as positive earnings are balanced by the slight sales miss.
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