In a press release dated May 28th Costco Wholesale Corporation (COST) announced results for the 3rd Quarter ending May 10th.
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)
|
3rd Quarter Ending
|
May 10th 2020
|
May 12th 2019
|
Difference (%)
|
|
Sales and membership:
|
$37,266,000
|
$34,740,000
|
+7.3
|
|
Gross profit:
|
$5,017,000
|
$4,507,000
|
+11.3
|
|
Operating income:
|
$1,179,000
|
$1,127,000
|
+4.6
|
|
Pre-tax Income
Net Income
|
$1,163,000
$838,000
|
$1,123,000
$906,000
|
+3.6
-7.5
|
|
Diluted earnings per share:
|
$1.89
|
$2.05
|
-7.8
|
|
Gross Margin (%)
|
13.5
|
13.0
|
+3.9
|
|
Operating Margin (%)
|
3.2
|
3.2
|
0
|
|
Profit Margin (%)
|
2.2
|
2.6
|
-14.8
|
|
Long-term Debt:
|
$11,750,000
|
$6,579,000
|
+78.6
|
|
12 Months Trailing:
|
|
|
|
|
Return on Assets (%)
|
6.7
|
|
|
|
Return on Equity (%)
|
24.6
|
|
|
|
Operating Margin (%)
|
3.1
|
|
|
|
Profit Margin (%)
|
2.4
|
|
|
|
Total Assets
|
$51,732,000
|
$45,400,000
|
+13.9
|
|
Market Capitalization
|
$136,750,000
|
|
|
|
Management estimates that expenditure on COVID-19 related categories (wages, bonuses and decontamination) represented 47 cents per adjusted share
52-Week Range in Share Price: $233,05 to $325.26. 50-day Moving average $306.18
Market Close May 28th pre-release $309.56
Fell 2.2 percent post-release in after-hours trading to $302.80
Forward P/E 32.2 Beta 0.7
|
In pre-COVID Times! |
Q3 Comparable store sales growth (excluding fuel and foreign exchange):-
Company, 4.8%: U.S. 5.9%; Canada -2.5%; International, 6.0%. E-Commerce +64.5
COSTCO operates 787 warehouse stores with 547 in the U.S., 100 in Canada.