CNBC Investing Club

We break down Costco's latest quarterly results and the catalysts we're looking out for in 2022

Shoppers wearing masks search for items at a Costco Wholesale store February 26, 2021 in Colchester, Vermont.
Robert Nickelsberg | Getty Images

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Costco (COST) reported solid first-quarter fiscal 2022 results after the closing bell Thursday. Total revenue increased 16.5% YoY to $50.363 billion and beat FactSet estimates of $49.652 billion, while earnings per share grew nearly 14% YoY to $2.98 and beat  FactSet estimates of $2.62. The results include a tax benefit of $0.21 per share related to stock-based compensation and a write-off of certain IT assets of $0.20 per share.

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