Costco’s Sales Fall Short as Earnings Beat Forecasts

Costco Wholesale


beat earnings expectations, but the stock fell in after-hours trading as revenue came in lower than projected.

The wholesale retailer’s fiscal second-quarter sales jumped 6.5% to $54.24 billion. Factoring in an additional $1 billion in member fees, the company’s total revenue for the quarter was $55.3 billion, coming in lower than estimates for $55.6 billion, according to FactSet. The total is up from $51.9 billion in the year-ago quarter.