Costco reports mixed second-quarter earnings, comparable sales growth
Costco on Thursday reported mixed earnings for the fourth quarter.
Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter as quarterly comparable sales rose.
Shares ticked down over 1% in extended trading on Thursday evening.
Here's how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16, based on a survey of analysts by LSEG:
Earnings per share: $4.02 vs. $4.11 expected
Revenue: $63.72 billion vs. $63.13 billion expected
Costco CEO Ron Vachris said although it's difficult to forecast the impact of tariffs, the company aims to minimize cost increases for members. A third of its U.S. sales are from imports, he said, and less than half of those come from China, Mexico and Canada.