Costco reported revenue of $ 44.77 billion and an EPS of $ 2.14, compared to an estimated revenue of $ 43.81 billion and an estimated adjusted EPS of $ 2.45. Jared Blikre of Yahoo Finance joined Yahoo Finance Live to analyze key metrics.
Video transcription
ADAM SHAPIRO: Okay, we have a lot of king size, family size gains. We have Costco. Jared, how are they? Because they fall after hours.
JARED BLIKRE: Everyone needs a gallon of ketchup every now and then. Yes, we fell about 1% or 2% there. The results for the second quarter were mixed. It was a hit on the top line, but a failure on the bottom line. Here are the numbers. Revenue reaching US $ 44.77 billion. This represents an increase of 15% year on year and is higher than the estimate of US $ 43.81 billion.
Now, EPS is where we have a bit of a stumble because it cost $ 2.14, but it was a little lower than the $ 2.43 Street expected. Also another important metric here – the company’s comparable total sales – which includes gas and currency – which has increased by 13%, much more than the 10% estimates. But, unfortunately, this cannot translate into greater gains in the financial result.
Now, analysts have 23 purchases, 12 withholdings and one sale on that. The conference call will be at 5 pm. And little or no comment, as is usual with Costco’s earnings. But, again, a mixed report here, because we have a hit on the top line, failure on the bottom line, still dropped about 1% in after-hours negotiations, guys.