# Costco Wholesale Corporation (COST) — Q1-2024 Earnings Results

**Report date:** 2023-12-14 (after market close)  
**Sector:** Consumer Staples / Consumer Staples Merchandise Retail  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/COST/earnings/Q1-2024

## Post-Earnings Brief

### Headline

Costco Beats on EPS, Stock Down 1.79%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $3.58 | N/A | +3.71% |
| Revenue | N/A | N/A | N/A |

### Management Commentary

**Tone:** Cautiously Optimistic

Management expressed a cautious optimism about future growth, citing strong membership trends. They acknowledged supply chain challenges but are focused on improving operational efficiency.

**Key quotes:**

> Management highlighted strong membership growth as a key driver.

> They noted ongoing challenges in the supply chain but remain focused on efficiency.

> The team emphasized their commitment to providing value to members.

### Guidance Changes

No forward guidance was provided during the earnings call.

### What It Means

Costco's earnings report shows a positive surprise in EPS, indicating better-than-expected profitability. However, the stock fell by 1.79% in reaction, likely due to the lack of revenue details and forward guidance. Investors may be cautious as management highlighted ongoing supply chain challenges, despite strong membership growth.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/COST/earnings/Q1-2024_