Costco Trounces Q1 Estimates
Another quarter, another set of convincing analyst beats from Costco Wholesale (NASDAQ: COST). The retailer again unveiled quarterly results that well exceeded projections.
In a press release published after market hours on Thursday, Costco said that in its first quarter of fiscal 2021, it booked revenue of just over $43.2 billion -- a 17% improvement on the same period of the previous year. That was on the back of comparable-store sales, which advanced by more than 15%. Net income, meanwhile, rose 38% to nearly $1.17 billion ($2.62 per share).
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Source Fool.com
