Costco: Q3 net profit down almost 4%
(CercleFinance.com) - On Thursday evening Costco Wholesale reported Q3 2022-23 net profit of $1.
3bn, or $2.93 per share, down 3.6% y-o-y, weighed on by higher non-recurring charges.
The warehouse chain's sales rose 1.9% to $52.6bn, with LFL sales growth of 3.5%, excluding the impact of changes in petrol prices and exchange rates.
Over the first nine months of its financial year, Costco posted net profits of $4.13bn, or $9.30 per share, on sales that are up 5.5% to nearly $160.3bn.
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3bn, or $2.93 per share, down 3.6% y-o-y, weighed on by higher non-recurring charges.
The warehouse chain's sales rose 1.9% to $52.6bn, with LFL sales growth of 3.5%, excluding the impact of changes in petrol prices and exchange rates.
Over the first nine months of its financial year, Costco posted net profits of $4.13bn, or $9.30 per share, on sales that are up 5.5% to nearly $160.3bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.