In a press release dated March 3rd Costco Wholesale Corp. announced results for the 2nd Quarter of FY 2022 ending February 13th.
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)
|
2nd Quarter Ending
|
February 13th 2022
|
February 14th, 2021
|
Difference (%)
|
|
Sales:
|
$51,904,000
|
$44,769,000
|
+23.4
|
|
Gross profit:
|
$6,387,000
|
$5,691,000
|
+12.2
|
|
Operating income:
|
$1,812,000
|
$1,340,000
|
+35.2
|
|
Pre-tax Income
Net Income
|
$1,801,000
$1,299,000
|
$1,319,000
$951,000
|
+36.5
+36.6
|
|
Diluted earnings per share:
|
$2.92
|
$2.14
|
+36.5
|
|
Gross Margin (%)
|
12.3
|
12.7
|
-3.1
|
|
Operating Margin (%)
|
3.5
|
3.0
|
+16.7
|
|
Profit Margin (%)
|
2.5
|
2.1
|
+9.5
|
|
Long-term Debt and lease obligations:
|
$11,557,000
|
$11,749,000
|
-1.6
|
|
12 Months Trailing:
|
|
|
|
|
Return on Assets (%)
|
7.6
|
|
|
|
Return on Equity (%)
|
30.6
|
|
|
|
Operating Margin (%)
|
3.7
|
|
|
|
Profit Margin (%)
|
2.5
|
|
|
|
Total Assets
|
$63,078,000
|
$59,268,000
|
+6.4
|
|
Market Capitalization
|
$229,470,000
|
|
|
52-Week Range in Share Price: $307.00 to $ 571.49 50-day Moving average $520.98
COST Market Close March 3rd $533.34. Market open post-release $516.28
Forward P/E 41.9 Beta 0.7
Comparable same-store sales (percentage):-
Global Company, +14.4; U.S., 15.8; Canada, +16.0; Other Int. +6.
E-commerce, +8.0.
Costco operates 29 warehouse stores. U.S., 572: Canada, 105; 151 in eight nations.