Costco expected to report Q4 sales and profit growth on Tuesday

Costco Wholesale Corp (NASDAQ:). is set to announce its fiscal fourth-quarter results after the market close on Tuesday, with predictions indicating a significant rise in both sales and profits.

Forecasts suggest that the company’s profit will jump to $2.14 billion, up from $1.87 billion in the same quarter of the previous fiscal year. Sales are expected to see a similar growth trajectory, anticipated to reach $77.7 billion, an increase from the previous figure of $72.9 billion. These forecasts are based on data provided by FactSet.

In addition to these encouraging financial figures, Costco’s adjusted earnings are estimated at $4.79 per share for the quarter. This projected growth is attributed to several factors including a 3.5% increase in same-store sales, back-to-school spending, variations in discretionary spending, and student loan payments.

The expected 3.5% boost in same-store sales reflects positive consumer response and increased purchasing activity within Costco’s stores. The back-to-school season typically brings a surge in spending as families prepare for the new academic year, which has evidently benefited Costco’s performance.

Moreover, fluctuations in discretionary spending – non-essential purchases made by consumers – have also contributed to Costco’s anticipated success this quarter. Additionally, student loan payments have played a role in shaping the company’s performance.

As the market awaits the official fiscal fourth-quarter results from Costco Wholesale Corp., these forecasts paint a promising picture of robust sales and profit growth for the retail giant.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.