Costco Q3 revenue up 11.6% to $70.53B with digital sales up 21.5%
COST•Costco reported Q3 net sales of $69.15 billion, up 11.6% year-over-year, and total revenue of $70.53 billion including membership fees, surpassing analyst projections. Net income rose to $2.19 billion ($4.93 per share) as comparable sales climbed 9.8% worldwide and digitally enabled sales surged 21.5%.
1. Q3 Financial Results
Costco posted net sales of $69.15 billion for the fiscal third quarter ended May 10, a rise of 11.6% from a year earlier, and reported total revenue including membership fees of $70.53 billion, exceeding consensus estimates.
2. Earnings and Per-Share Figures
Net income increased to $2.19 billion, or $4.93 per diluted share, up from $1.90 billion, or $4.28 per share in Q3 last year, reflecting strong margin performance.
3. Sales Growth Breakdown
Comparable sales rose 9.8% globally, with adjusted comps (excluding gasoline and FX) up 6.6%, while digitally enabled sales surged 21.5%, underlining the strength of Costco’s online channel.
4. Regional Performance and Cash Flow
U.S. comparable sales climbed 9.4%, Canada saw 10.7% growth and other international markets rose 11.2%; operating cash flow for the first 36 weeks reached $11.13 billion, up from $9.47 billion year ago.
