Costco Wholesale Corporation announced impressive Q3 results on May 26, posting a 16% year-over-year revenue increase to $51.6 billion, alongside rising diluted earnings per share from $2.75 to $3.04. The company's robust performance was supported by a 90% worldwide membership renewal rate. In a strategic expansion move, Costco acquired a 45% stake in Costco Taiwan for $1.05 billion, enhancing its global footprint with full indirect ownership of the operation.
“Costco · announced Q3 results · on May 26 · Revenue increased 16% YOY to $51.6 billion”
“Costco Wholesale (COST) · announced · Q3 results · May 26”
“Costco Wholesale (COST) · revenue · increased · 16% year-over-year”
“Costco Wholesale · reported revenue · Q3 · $51.6 billion”
“Costco Wholesale · has membership renewal rates · worldwide · 90%”
“Costco Wholesale Corp · bought · 45% stake · $1.05 billion”
“basic Costco membership · costs · $60 · true”
“basic Costco membership · gives · unrestricted access to Costco's product line · true”
“Costco Wholesale Corporation · completed a purchase for · 45% minority interest in Costco-Taiwan · $1.05 billion”
“Costco · now indirectly owns · Costco Taiwan · all of”
“Costco · operates · warehouses · 833”
“Costco · operates · warehouses in the U.S. and Puerto Rico · 574”
