Executive Summary

• Costco reported fiscal 1Q18 EPS of $1.45, up 17.1% from the year-ago quarter and beating the consensus estimate of $1.34. Revenues were $31.8 billion, up 13.2% year over year and beating the consensus estimate of $31.1 billion.
• Comps increased by 10.5% year over year and e-commerce revenues grew by 43.5%.
• The FY18 consensus estimate calls for revenues of $137.5 billion (up 6.6%) and EPS of $6.46 (up 6.0%).