Costco Wholesale Q4 2024 GAAP EPS $5.29 Beats $5.08 Estimate, Sales $79.697B Miss $79.973B Estimate
Portfolio Pulse from Benzinga Newsdesk
Costco Wholesale reported Q4 2024 earnings per share of $5.29, surpassing the expected $5.08. However, sales were slightly below expectations at $79.697 billion, missing the $79.973 billion estimate. Sales increased by 0.96% compared to the same period last year.
September 26, 2024 | 8:15 pm
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Costco's Q4 2024 earnings per share exceeded expectations, but sales fell short of estimates. Despite the sales miss, there was a year-over-year increase in sales.
Costco's earnings per share beat expectations, which is positive for the stock. However, the sales miss, albeit slight, could temper investor enthusiasm. The year-over-year sales growth is a positive sign, but the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100