Costco Wholesale Company (NASDAQ: COST) reported first quarter 2023 earnings outcomes in the present day.
Internet gross sales elevated 8.1% to $53.44 billion in comparison with the identical interval a yr in the past. Comparable gross sales have been up 6.6%.
Internet revenue was $1.36 billion, or $3.07 per share, in comparison with $1.32 billion, or $2.98 per share, final yr.
Each the highest and backside line numbers missed expectations.
Money and money equivalents amounted to $10.8 billion on the finish of the quarter.