Costco Wholesale Corporation (COST - Free Report) came out with decent fourth-quarter fiscal 2021 results. While the top line fell short of the Zacks Consensus Estimate, the bottom line registered second straight beat. Impressively, both the metrics improved from the prior-year period. This operator of membership warehouses maintained its decent comparable sales run. Also, the company’s e-commerce sales continued to showcase strength. Yet, supply chain bottlenecks, and higher labor and freight costs remain concerns.
Q4 Earnings & Sales Picture
Costco posted adjusted quarterly earnings of $3.90 per share that handily beat the Zacks Consensus Estimate of $3.55. On a reported basis, earnings came in at $3.76 per share that included a 14 cents charge for the write-off of certain information technology assets. The figure rose meaningfully from $3.13 per share posted in the year-ago quarter. This year-over-year increase in the bottom line can be attributed to higher revenues.
Total revenues, which include net sales and membership fees, were $62,675 million, up 17.4% from the prior-year quarter. The metric, however, fell short of the Zacks Consensus Estimate of $62,812 million.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Costco Wholesale Corporation (COST - Free Report) came out with decent fourth-quarter fiscal 2021 results. While the top line fell short of the Zacks Consensus Estimate, the bottom line registered second straight beat. Impressively, both the metrics improved from the prior-year period. This operator of membership warehouses maintained its decent comparable sales run. Also, the company’s e-commerce sales continued to showcase strength. Yet, supply chain bottlenecks, and higher labor and freight costs remain concerns.
Q4 Earnings & Sales Picture
Costco posted adjusted quarterly earnings of $3.90 per share that handily beat the Zacks Consensus Estimate of $3.55. On a reported basis, earnings came in at $3.76 per share that included a 14 cents charge for the write-off of certain information technology assets. The figure rose meaningfully from $3.13 per share posted in the year-ago quarter. This year-over-year increase in the bottom line can be attributed to higher revenues.
Total revenues, which include net sales and membership fees, were $62,675 million, up 17.4% from the prior-year quarter. The metric, however, fell short of the Zacks Consensus Estimate of $62,812 million.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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