Costco Wholesale (COST) Revenue — Quarter Ended May 7, 2023
Revenue for the quarter decreased from the immediately preceding quarter. It increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended May 7, 2023 · FY2023 Q3
Revenue for the quarter decreased from the immediately preceding quarter. It increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$53.6B
Revenue reported for this quarter.
Quarter-over-quarter
-2.9%
Change from the immediately preceding quarter.
Year-over-year
+2.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$215.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 8, 2022 | $52.6B | +16.2% |
| Nov 20, 2022 | $54.4B | +8.1% |
| Feb 12, 2023 | $55.3B | +6.5% |
| May 7, 2023 | $53.6B | +2.0% |
Revenue performance
Revenue declined sequentially, reflecting a lower total than the prior quarter.
Quarterly comparison
Compared to the prior quarter, revenue was lower. Compared to the same quarter a year ago, revenue was higher.
What to watch
The sequential decline in revenue contrasts with the year-over-year increase, a notable directional shift.