Costco Q1 Earnings: Revenue, EPS Top Estimates, Comparable Sales Climb 6.4%

Core Insights - Costco Wholesale Corp reported first-quarter revenue of $67.31 billion, surpassing analyst estimates of $67.14 billion [2] - The company achieved adjusted earnings of $4.50 per share, exceeding estimates of $4.27 per share [2] Financial Performance - Net sales for the fourth quarter increased by 8.2% year-over-year [3] - Total comparable sales rose by 6.4% on a year-over-year basis [3] - Membership fees reached approximately $1.33 billion, up from $1.17 billion in the prior year's quarter [4] Operational Metrics - Costco operates 923 warehouses, including 633 in the U.S. [4] - The company ended the first quarter with approximately $16.22 billion in cash and cash equivalents [4] Regional Sales Growth - Comparable sales growth in the U.S. increased by 5.9% [6] - Comparable sales growth in Canada increased by 6.5% [6] - Comparable sales growth in Other International markets increased by 8.8% [6] Stock Performance - Costco shares were down 0.18% in after-hours trading, priced at $883.22 at publication time [5]