On Wednesday after the bell, American membership-only warehouse club that provides a wide selection of merchandise, Costco Wholesale Corporation (NASDAQ: COST), reported Q3 earnings of $1.24 EPS which beat consensus estimates of $1.22, and revenue of $26.77B (+2.6% Year to Year) that missed analysts’ expectations of $27.07B.
Costco currently has 705 warehouses, which includes 493 in the U.S. and Puerto Rico, 90 in Canada, 36 in Mexico, 27 in the United Kingdom, 25 in Japan, 12 in Korea, 12 in Taiwan, eight in Australia and two in Spain. Costco also operates e-commerce websites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan.
The company’s comparable sales for the twelve-week were flat in the United States, +1% in Canada, and -2% other internationally. Comparable sales excluding the negative impacts from gasoline price deflation and FOREX for the twelve-week were +3% in the United States, +8% in Canada, and +3% other internationally.
Costco’s revenue from its membership fee alone was +$34M year to year, their operating income +$37 million and merchandise costs up 2%. Net income for this quarter is +29M compared to Q3 2015.
No guidance was provided by the company.
Shares of COST up $5.78 (+4%) as of early Thursday afternoon.