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Buying In Bulk Not What It Used To Be? Costco Comps Flat In Q4

By Insider Scoop
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Courtesy of Benzinga.

Costco Wholesale Corporation (NASDAQ: COST) is trending up after reporting its fourth quarter results Thursday afternoon. The world’s second biggest retailer beat earnings expectations despite missing sales estimates.

Costco delivered earnings of $1.77 per share, beating estimates by $0.04. Revenue missed by a little over a billion, coming in at $35.73 billion.

Overall, comps were flat for Costco in Q4, including a 1 percent decrease in the US.

Costco’s stock has experienced nearly a 10 percent decline in the past month. The stock reversed Thursday’s losses, trading up about 2 percent to $150.24 in the after-hours session.

Posted-In: Earnings News Retail Sales After-Hours Center Movers

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