NASDAQ$COST

Costco Wholesale Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Costco's Q3 2021 earnings were reported, showing significant growth in net sales and comparable sales across various regions and e-commerce.

Costco reported a strong third quarter in fiscal year 2021, with net sales increasing by 21.7% to $44.38 billion. Comparable sales also saw significant growth across all regions, including a 41.2% increase in e-commerce. Net income for the quarter was $1.22 billion, or $2.75 per diluted share.

  • Net sales increased by 21.7% to $44.38 billion compared to the previous year.
  • E-commerce sales grew by 41.2% compared to the previous year.
  • Net income reached $1.22 billion, or $2.75 per diluted share, including COVID-19 related costs.
  • The company operates 809 warehouses worldwide, including e-commerce sites in multiple countries.

Headline financials

Total Revenue

$45.3B

Previous: $37.3B+21.5%
EPS (adj)

$2.75

Previous: $1.89+45.5%
US Comp Sales Ex-Gas/FX

15.2%

Previous: 8.0%+90.0%
Canada Comp Sales Ex-Gas/FX

16.7%

Previous: 3.0%+456.7%
Intl Comp Sales Ex-Gas/FX

13.1%

Previous: 12.2%+7.4%
Total Comp Sales Ex-Gas/FX

15.1%

Previous: 7.8%+93.6%
Adj Digital Comp Sales

38.2%

Previous: 66.1%-42.2%
Capital Expenditures

-$2.49B

Previous: -$1.96B-27.4%
Free Cash Flow

-$1.27B

Previous: -$1.12B-13.8%
Net Income

$1.22B

Previous: $838M+45.6%
Operating Income

$1.66B

Previous: $1.18B+41.1%
Gross Profit

$5.86B

Previous: $5.02B+16.8%
Cash & Equivalents

$10.2B

Previous: $10.8B-5.5%
Total Assets

$57.3B

Previous: $51.7B+10.7%
Stock-Based Comp

$87M

Previous: $89M-2.2%

Revenue & EPS history

Costco · Revenue · Quarterly

$45.3B

Q3 2021+21.5%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The press release contains forward-looking statements that are subject to risks and uncertainties. The company does not undertake to update these statements, except as required by law.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-0.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.2%

Avg return

30 days after

56%

40 / 72 earnings

Positive

+7.0%

Q3 2022

Best reaction

-9.1%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2027
Q2 2026+2.1%+1.0%+3.3%
Q1 2026-2.0%-2.5%+4.6%
Q4 2025-2.2%-2.8%-1.2%
Q3 2026+1.6%-2.8%-4.8%
Q3 2025+3.1%+4.3%-2.3%
Q2 2025-6.1%-9.7%-10.7%
Q1 2025-0.5%-1.3%-5.8%
Q4 2024-2.5%-3.4%-1.9%
Q3 2024+0.4%+2.6%+5.4%
Q2 2024-6.2%-4.7%-7.7%
Q1 2024+2.6%+5.6%+6.4%
Q4 2023+0.9%+1.1%-2.0%
Q3 2023+5.1%+5.2%+8.6%
Q2 2023-0.7%+1.4%+3.8%
Q1 2023+0.2%+1.3%+0.2%
Q4 2022-5.4%-3.0%-3.0%
Q3 2022+7.0%+5.9%+10.1%
Q2 2022-0.5%-0.9%+9.0%
Q1 2022+5.4%+2.9%+1.1%
Q4 2021+3.4%-1.1%+6.6%
Q3 2021-1.9%-1.9%+2.3%
Q2 2021-2.0%-1.6%+9.6%
Q1 2021+0.2%-0.6%-1.2%
Q4 2020-0.6%+2.2%+8.7%
Q3 2020+0.8%+0.4%-3.1%
Q2 2020-2.9%-3.5%-10.0%
Q1 2020-1.2%+0.1%+0.7%
Q4 2019+2.3%+2.4%+3.9%
Q3 2019-0.5%+2.0%+9.8%
Q2 2019+3.9%+6.3%+12.2%
Q1 2019-9.1%-10.9%-7.6%
Q4 2018-6.2%-3.9%-1.3%
Q3 2018-1.3%-0.9%+4.7%
Q2 2018-3.0%-1.1%-3.9%
Q1 2018+2.4%+0.0%+1.9%
Q4 2017-4.9%-5.0%+0.7%
Q3 2017+2.8%+3.4%-9.2%
Q2 2017-4.3%-6.1%-5.7%
Q1 2017+4.4%+6.2%+7.8%
Q4 2016+2.1%+0.7%+0.2%
Q3 2016+5.0%+4.6%+9.1%
Q2 2016+0.7%
Q1 2016-4.4%
Q4 2015+0.7%
Q3 2015+0.7%
Q2 2015+1.6%
Q1 2015-1.1%
Q4 2014+2.5%
Q3 2014+1.6%
Q2 2014-2.6%
Q1 2014-1.5%
Q4 2013+3.1%
Q3 2013-2.9%
Q2 2013+1.0%
Q1 2013-0.5%
Q4 2012-1.3%
Q3 2012+1.4%
Q2 2012+1.0%
Q1 2012-3.5%
Q4 2011+0.8%
Q3 2011-0.8%
Q2 2011+1.3%
Q1 2011+1.1%
Q4 2008-2.3%
Q4 2010-2.3%
Q3 2010+0.2%
Q3 2009+0.2%
Q2 2009+0.6%
Q2 2010+0.6%
Q4 2009+2.5%
Q1 2010+2.5%
Q1 2009+2.5%

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