In a press release dated May 27th Costco Wholesale Corporation (COST) announced results for the 3rd Quarter ending May 9th
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)
|
Quarter Ending May 9th
|
2021
|
2020
|
Difference (%)
|
|
Sales:
|
$45,277,000
|
$37,266,000
|
+21.5
|
|
Gross profit:
|
$5,862,000
|
$5,017,000
|
+16.8
|
|
Operating income:
|
$1,663,000
|
$1,179,000
|
+41.1
|
|
Pre-tax Income
Net Income
|
$1,650,000
$1,220,000
|
$1,163,000
$838,000
|
+41.9
+45.6
|
|
Diluted earnings per share:
|
$2.751
|
$1.89
|
+45.5
|
|
Gross Margin (%)
|
13.0
|
13.5
|
-3.7
|
|
Operating Margin (%)
|
3.7
|
3.2
|
+15.6
|
|
Profit Margin (%)
|
2.7
|
2.2
|
+22.7
|
|
Long-term Debt and lease obligations:
|
$12,318,000
|
$12,002,000
|
+2.6
|
|
12 Months Trailing:
|
|
Return on Assets (%)
|
7.8
|
|
Return on Equity (%)
|
26.6
|
|
Operating Margin (%)
|
3.6
|
|
Profit Margin (%)
|
2.4
|
|
Total Assets
|
$57,274,000
|
$55,556,000
|
+3.1
|
|
Market Capitalization
|
$167,397,000
|
Note 1. COVID related expenses detracted from EPS by 2 cents
52-Week Range in Share Price: $293.84 to $393.15 50-day Moving average $375.38
Market Close May 27th pre release: $387.38
Market Close May 28th $378.28 down 2.3 percent
Forward P/E 34.8 Beta 0.6
For the 3rd quarter company same store sales increased 15.1 percent over Q3 of FY 2020 (adjusted for foreign exchange and excluding fuel). The U.S posted 15.2 percent, Canada 16.7 percent and International 13.1 percent. E-Commerce increased by 38.2 percent.
COSTCO operates 809 warehouses with 559 in the U.S., 105 in Canada and 145 in 10 other nations on four continents.