What Costco's Earnings Mean For Mutual Fund Investors (COST)

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What Costco's Earnings Mean For Mutual Fund Investors (COST)

Shauna O'Brien Mar 05, 2015

Inside COST’s Results

Costco reported earnings of $598 million, or $1.35 per share, up from $463 million, or $1.05 per share, last year. On average, analysts expected to see EPS of $1.18.

Revenue increased to $26.87 billion from $25.76 billion last year. Analysts expected to see revenue of $27.7 billion.

Costco Benefited From Lower Fuel Costs

The company has certainly benefited from favorable fuel costs, but the spotlight has been on its terminated deal with American Express. This week, COST announced that it will switch to exclusively accepting Visa cards in 2016.

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The Bottom Line

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