Costco Beats on Revenue and EPS, Posts Double-Digit Q4 Comps Growth

Costco Beats on Revenue and EPS, Posts Double-Digit Q4 Comps Growth

Warehouse club retailer Costco Wholesale (NASDAQ: COST) released its fiscal fourth-quarter and full-year results yesterday after market close, delivering several positive surprises. Riding the tailwinds of COVID-19's effects, rather than sustaining damage from them, Costco outperformed on a year-over-year basis. Costco's earnings per share for Q4 amounted to a diluted $3.13 per share, 9.8% higher than the $2.85 analyst estimate reported by Zacks Equity Research.