Costco reports positive Canadian comps

Costco Wholesale Corp. this week reported adjusted earnings of $3.92 per share for Q2 of its fiscal year 2024. That figure beat analyst estimates, yet revenues of $58.44 billion, while up by 5.7 percent, fell just short of a Bloomberg consensus estimate of $59.04 billion. The Canadian market logged an increase of nine percent in same-store sales, better than 4.8 percent in the U.S. and 8.2 percent in other countries.