Overview

• U.S. warehouse retailer's fiscal Q3 net sales rose 11.6% yr/yr

• Fiscal Q3 net income and diluted EPS increased from a year earlier

• Comparable sales growth strong across all regions, with digitally-enabled sales up 21.5%

Outlook

• Company did not provide specific guidance or outlook for the current or upcoming quarters

Result Drivers

• DIGITAL SALES GROWTH - Digitally-enabled sales rose 21.5% in the quarter, contributing to overall revenue growth

• MEMBERSHIP FEES - Membership fee revenue increased to $1.37 bln from $1.24 bln a year earlier, supporting total revenue

Company press release: ID:nGNX2CLnFz

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Net sales		$69.15 bln
Q2 Net Income		$2.19 bln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the discount stores peer group is "buy"

• Wall Street's median 12-month price target for Costco Wholesale Corp is $1,100.00, about 9.6% above its May 27 closing price of $1,003.69

• The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 44 three months ago

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