NASDAQ$COST

Costco Wholesale Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Costco's Q4 2023 financial results were announced, revealing an increase in net sales and earnings per share compared to the previous year.

Costco Wholesale Corporation reported a 9.4% increase in net sales for the fourth quarter, reaching $77.43 billion. Net income also rose to $2.160 billion, or $4.86 per diluted share, compared to $1.868 billion, or $4.20 per diluted share, in the same quarter last year.

  • Net sales for the fourth quarter increased by 9.4% to $77.43 billion.
  • Net income for the quarter was $2.160 billion, resulting in $4.86 per diluted share.
  • Comparable sales, excluding gasoline prices and foreign exchange impacts, increased by 3.8%.
  • E-commerce sales saw a decrease of 0.8%, or -0.6% excluding gasoline prices and foreign exchange impacts.

Headline financials

Total Revenue

$78.9B

Previous: $72.1B+9.5%
EPS (adj)

$4.86

Previous: $4.20+15.7%
US Comp Sales Ex-Gas/FX

3.1%

Previous: 9.6%-67.7%
Canada Comp Sales Ex-Gas/FX

7.4%

Previous: 13.7%-46.0%
Intl Comp Sales Ex-Gas/FX

4.4%

Previous: 11.3%-61.1%
Total Comp Sales Ex-Gas/FX

3.8%

Previous: 10.4%-63.5%
Adj Digital Comp Sales

-0.6%

Previous: 8.4%-107.1%
Capital Expenditures

$1.56B

Previous: $1.26B+23.6%
Free Cash Flow

$2.17B

Previous: $1.25B+73.9%
Net Income

$2.16B

Previous: $1.87B+15.6%
Operating Income

$2.78B

Previous: $2.5B+11.4%
Gross Profit

$9.72B

Previous: $8.53B+13.9%
Cash & Equivalents

$13.7B

Previous: $10.2B+34.3%
Total Assets

$69B

Previous: $64.2B+7.5%
Stock-Based Comp

$131M

Previous: $118M+11.0%

Revenue & EPS history

Costco · Revenue · Quarterly

$78.9B

Q4 2023+9.5%vs Q4 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements.

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 Q4 2023

Historical avgQ4 2023

-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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