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Costco's quarterly results indicate the retailer is thriving despite high inflation

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Costco's quarterly results indicate the retailer is thriving despite high inflation - CNBC

Quick Summary:

Costco shares were trading lower after-hours in reaction to the slight quarterly beats, but that's typical.

In Canada, comparable sales increased 13.4% or 13.7% on an adjusted basis, while for the rest of international, comps increased 2.9% or 11.3% on an adjusted basis.

For the total company, comparable sales increased 7.1% or 8.4% on an adjusted basis.


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Article Details

Category: Economy

Topics: Earnings Retail Investing Jim Cramer Retail industry Markets Cnbc CNBC Investing Club: Analysis CNBC Investing Club: Newsletter Dividends InvestingClub Investment strategy CNBC Investing Club Breaking News: Markets Costco Wholesale Corp Inflation Source:tagname:CNBC US Source Articles

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 23:29:09

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 6 minutes read

Article Length: 1042 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 480357

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About CNBC

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Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 18 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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