Shares of Costco Wholesale Corporation experienced a decline of 3.87% over the past month, following a 6.33% loss the month prior. However, since March 13, the stock has appreciated by 7.06%. Year-to-date, Costco is up 4.84% and offers a modest dividend yield of 0.55%. In Q3, net income reached $1.9 billion with a diluted EPS of $4.28, exceeding estimates and reflecting an 8% sales increase. The company is the largest warehouse club with 905 locations globally, benefiting from a volume discount model and strong e-commerce growth at 15%.
Costco posted Q3 earnings with net income of $1.9 billion and diluted EPS of $4.28, surpassing previous year figures and Wall Street estimates.
With 905 locations worldwide, Costco maintains its position as the largest warehouse club, serving nearly 136.8 million members through its volume discount pricing model.
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