Costco Wholesale Corp Q4 2022 Earnings Call Summary - Thomson StreetEvents

Costco Wholesale Corp Q4 2022 Earnings Call Summary

Costco Wholesale Corp Q4 2022 Earnings Call Summary - Thomson StreetEvents
Costco Wholesale Corp Q4 2022 Earnings Call Summary
Published Sep 22, 2022
20 pages (11626 words) — Published Sep 22, 2022
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of COST.OQ earnings conference call or presentation 22-Sep-22 9:00pm GMT

  
Brief Excerpt:

...A. Highlights: Net income $1.868b or $4.20 per diluted share vs. $1.67b or $3.76 per diluted share a year ago. 1. 4Q21 was negatively impacted by asset write-off of $84m pre-tax or $0.14 per diluted share. a. 2. Net income for FY totaled $5.84b or $13.14 a share vs. $5.01b or $11.27 per diluted share in prior FY. 3. Net sales increased 15.2% to $70.76b vs. $61.44b reported last year in 4Q. 4. On comparable sales basis: US for 16-week period on reported basis has comp sales of 15.8%. a. Excluding gas inflation and FX, (inaudible) FX, gas inflation, it would be 9.6%. i. b. Canada: Reported, 13.4%. i. ii. Ex-gas and FX, 13.7%. c. Other international: Reported, 2.9%. i. ii. Ex-gas and FX, 11.3%. d. Total Co.: Reported, 13.7%. i. ii. Excluding gas and FX, plus 10.4%. e. E-commerce: i. Reported, 7.1%. ii. Excluding FX, 8.4%. 5. Comp sales metrics: Traffic or shopping frequency increased 7.2% worldwide and up 5.2% in US. a. b. Avg. transaction or ticket up 6.0% worldwide and up 10.0% in US during...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Costco Wholesale Corp
Ticker
COST.OQ
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
Buy Now

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst : You guys have any sense of demographics by gold star versus executive? And the thought being, when you think about the structure going forward, could you leave gold star where it is, take executive up and maybe at an executive plus, right, that either has more than 2% or some other features, right? So you're catering to people through the income spectrum. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 22, 2022 / 9:00PM, COST.OQ - Q4 2022 Costco Wholesale Corp Earnings Call

Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst : Okay. And then secondly, when you think about -- I think somebody asked right about inflation going forward. A lot of what we hear is that it'll be sticky, right? Higher for longer. As it comes down, what -- how do you think vendors are likely to respond? We're not going to see list price decreases, right? We're probably going to see more trade money step up. So when you think about your participation in that and your ability to take advantage of that, how do you guys think about that?

Table Of Contents

Costco Wholesale Corp Q1 2023 Earnings Call Summary – 2022-12-08 – US$ 54.00 – Edited Brief of COST.OQ earnings conference call or presentation 8-Dec-22 10:00pm GMT

November 2022 Costco Wholesale Corp Corporate Sales Call (Pre-recorded) Transcript – 2022-11-30 – US$ 54.00 – Edited Transcript of COST.OQ sales update conference call or presentation 30-Nov-22 10:59am GMT

October 2022 Costco Wholesale Corp Corporate Sales Call Transcript – 2022-11-02 – US$ 54.00 – Edited Transcript of COST.OQ sales update conference call or presentation 2-Nov-22 10:59am GMT

September 2022 Costco Wholesale Corp Corporate Sales Call (Pre-recorded) Transcript – 2022-10-05 – US$ 54.00 – Edited Transcript of COST.OQ sales update conference call or presentation 5-Oct-22 10:59am GMT

Costco Wholesale Corp Q4 2022 Earnings Call Transcript – 2022-09-22 – US$ 54.00 – Edited Transcript of COST.OQ earnings conference call or presentation 22-Sep-22 9:00pm GMT

August 2022 Costco Wholesale Corp Corporate Sales Call (Pre-Recorded) Transcript – 2022-08-31 – US$ 54.00 – Edited Transcript of COST.OQ sales update conference call or presentation 31-Aug-22 11:15pm GMT

July 2022 Costco Wholesale Corp Corporate Sales Call (Pre-recorded) Transcript – 2022-08-03 – US$ 54.00 – Edited Transcript of COST.OQ sales update conference call or presentation 3-Aug-22 9:00pm GMT

June 2022 Costco Wholesale Corp Corporate Sales Call (Pre-Recorded) Transcript – 2022-07-07 – US$ 54.00 – Edited Transcript of COST.OQ sales update conference call or presentation 7-Jul-22 10:59am GMT

May 2022 Costco Wholesale Corp Corporate Sales Call (Pre-recorded) Transcript – 2022-06-02 – US$ 54.00 – Edited Transcript of COST.OQ sales update conference call or presentation 2-Jun-22 10:59am GMT

Costco Wholesale Corp Q3 2022 Earnings Call Summary – 2022-05-26 – US$ 54.00 – Edited Brief of COST.OQ earnings conference call or presentation 26-May-22 9:00pm GMT

More from Thomson StreetEvents

Thomson StreetEvents—Thomson StreetEvents is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Thomson StreetEvents service offers institutional investors a one-stop solution for managing corporate disclosure information by aggregating conference calls, webcasts, transcripts, call summaries, and other financial information into a time-saving, efficiency tool.
Purchase Thomson StreetEvents' Transcripts (verbatim reports) and Briefs (call summaries) of earnings, guidance, M&A and other corporate calls directly through Alacra. Discounted prices apply to reports produced over two weeks ago.

About the Author


Cite this Report

  
MLA:
Thomson StreetEvents. "Costco Wholesale Corp Q4 2022 Earnings Call Summary" Sep 22, 2022. Alacra Store. May 15, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2022-Costco-Wholesale-Corp-Earnings-Call-B15235058>
  
APA:
Thomson StreetEvents. (2022). Costco Wholesale Corp Q4 2022 Earnings Call Summary Sep 22, 2022. New York, NY: Alacra Store. Retrieved May 15, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2022-Costco-Wholesale-Corp-Earnings-Call-B15235058>
  
US$ 54.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.