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In a press release dated September 24th Costco Wholesale Corp. (COST) announced results for Q4 and Fiscal 2020 ending August 30th.
The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as US$ x 1,000 except EPS)
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4th Quarter Ending
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Aug. 30th 2020
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Sept. 1st 2019
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Difference (%)
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Sales:
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$53,383,000
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$47,498,000
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+12.4
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Gross profit:
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$6,892,000
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$6,188,000
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+12.8
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Operating income:
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$1,929,000
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$1,463,000
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+31.9
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Pre-tax Income
Net Income
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$1,869,000
$1,389,000
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$1,492,000
$1,097,000
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+25.3
+26.6
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Diluted earnings per share:
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$3.13
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$2.47
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+26.7
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Gross Margin (%)
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13.1
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13.0
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+0.8
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Operating Margin (%)
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3.6
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3.1
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+16.1
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Profit Margin (%)
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2.6
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2.3
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+13.0
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Long-term Debt and lease obligations:
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$12,007,000
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$6,579,000
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+82.5
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12 Months Trailing:
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Return on Assets (%)
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6.8
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Return on Equity (%)
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23.5
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Operating Margin (%)
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3.2
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Profit Margin (%)
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2.3
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Total Assets
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$55,556,000
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$45,400,000
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+22.3
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Market Capitalization
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$151,237,000
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52-Week Range in Share Price: $ 271.28 to $343.77 50-day Moving average $342.80
Market Close Thursday 24th Sept. pre-release $347.12. Close Friday 25th Sept. $342.58
Forward P/E 36.9 Beta 0.7
For FY 2020 COST posted net earnings of $4.0 billion on revenue of $166.8 billion with an EPS of $9.02. For the corresponding FY 2019 net earnings were $3.7 billion on revenue of $152.7 billion with an EPS of $8.26.
COST posted an increase in same-store sales of 11.4 with the U.S gaining 11.0 percent (with 69 percent of 795 locations), Canada 9.0 percent (13 percent of locations) and International 16.0 percent (18 percent of locations)