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Costco Wholesale (COST) Fiscal 3Q17 Results: Beats on Top and Bottom Lines

Executive Summary

  • Costco reported fiscal 3Q17 adjusted EPS of $1.40, up 13.3% from $1.24 in the year-ago quarter and beating the $1.31 consensus estimate. Revenues were $28.9 billion, up 7.8% year over year and beating the $28.6 billion consensus estimate.
  • Total comps were up 5%, with comps up 6% in the US, up 2% in Canada and up 4% in other international regions.
  • Effective June 1, Costco will raise the price of a Business membership by $5, to $60, and the price of an Executive membership by $10, to $120.

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