Costco announces Third Quarter Financial results

Costco Wholesale Corp. (NASDAQ: COST) is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world. The Company's average warehouse space is approximately 144,000 square feet.

Thursday after market, the company announced earnings for the 3rd quarter of fiscal year 2017.  Net sales for the quarter increased eight percent, to $28.22 billion from $26.15 billion last year. Net sales for the first thirty-six weeks increased six percent, to $84.82 billion from $80.34 billion last year. 

After the earnings results released, share value surged over $178 or over 2 percent late Thursday.

Leave a Comment