Despite fears of a margin crunch, Costco overdelivers on earnings

Despite fears of a margin crunch, Costco overdelivers on earnings

A shopper loads a car with bottled water at a Costco Wholesalers in Chingford, Britain March 15, 2020.

John Sibley | Reuters

Costco (COST) reported a solid fiscal third quarter on Thursday after bell. Total revenue increased 16% year over year to $52.596 billion and beat the consensus Street estimate of $51.55 billion. Earnings per share grew 10.5% to $3.04, in line with estimates, despite a one time 13 cents per share charge for incremental benefits awarded under a new employee agreement.

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