Costco Wholesale Corp. (NASDAQ: COST) is scheduled to report its fiscal second-quarter financial results after the markets close on Wednesday. The consensus estimates from Thomson Reuters call for $1.28 in earnings per share (EPS) on revenue of $28.42 billion. In the same period of the previous year, it posted EPS of $1.25 and $27.45 billion in revenue.
In the new American Customer Satisfaction Index (ACSI) study on retailers, most of the attention went to big-box stores and e-commerce companies. Deep in the research was the section about “specialty retail stores,” a category in which Costco received the best score.
Costco is admired for its sharp expense management, store locations and a model that includes membership fees as a means to supplement revenue. While many brick-and-mortar retailers have struggled, Costco’s revenue has risen from $77.9 billion in 2010 to $116.2 billion in its most recent fiscal year. Net income has risen from $1.3 billion to $2.4 billion over the same period. Unlike some other retailers that have over 1,000 locations, and in some cases a multiple of that, Costco has just 482 stores in the United States and Puerto Rico.
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