Costco Wholesale Corp. Earnings Cheat Sheet: Third Straight Quarter of Rising Profit

S&P 500 (NYSE:SPY) component Costco Wholesale Corporation (NASDAQ:COST) reported its results for the fourth quarter. Costco Wholesale operates membership warehouses that offer a selection of nationally branded and selected private-label products in categories such as food, appliances, and sporting goods, at low prices. .

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Costco Wholesale Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the discount store rose to $478 million ($1.08 per share) vs. $432 million (97 cents per share) in the same quarter a year earlier. This marks a rise of 10.6% from the year earlier quarter.

Revenue: Rose 16.8% to $28.18 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: COST was about in line with expectations as the mean analyst estimate of $1.09 per share. Analysts were expecting revenue of $27.78 billion.

Key Stats:

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 5.9% and in the second quarter, the figure rose 16.4%.

Revenue has risen the past four quarters. Revenue increased 16% to $20.62 billion in the third quarter. The figure rose 11.4% in the second quarter from the year earlier and climbed 11.2% in the first quarter from the year-ago quarter.

Looking Forward: For next quarter, the average estimate for the first quarter of the next fiscal year remains unchanged at 78 cents a share. For the fiscal year, the average estimate has moved down from $3.33 a share to $3.32 over the last ninety days.

Competitors to Watch: Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), Dollar General Corp. (NYSE:DG), BJ’s Wholesale Club, Inc. (NYSE:BJ), Family Dollar Stores, Inc. (NYSE:FDO), Gordmans Stores, Inc. (NASDAQ:GMAN), Dollar Tree, Inc. (NASDAQ:DLTR), Amazon.com, Inc. (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Best Buy (NYSE:BBY), Bed, Bath & Beyond (NASDAQ:BBBY), Apple Inc (NASDAQ:AAPL) and Fred’s, Inc. (NASDAQ:FRED).

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(Source: Xignite Financials)

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