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Company Earnings Update

Costco Wholesale (NASDAQ: COST) Fiscal 2Q19 Results: Solid Quarter with Slightly Light Revenues and Blowout EPS

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Coresight Research

Key Points

  • Costco reported fiscal 2Q19 revenues of $35.40 billion, up 7.3% year over year and slightly below the $35.65 billion consensus estimate. EPS was $2.01, up 26.6% year over year and handily beating the $1.69 consensus estimate.
  • Comps (excluding gasoline and other items) increased 6.7%, and e-commerce comps increased 25.5%.
  • February comps increased 4.6% (ex items), and e-commerce comps grew 21.6% (ex items).

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