With a $226.87 billion market cap, Costco Wholesale Corporation (COST) operates membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Taiwan, and internationally.
Amid a challenging macro environment, the retailer continued to post healthy profits. The company achieved top-to-bottom line growth in the first quarter of fiscal 2023. During the quarter, COST reported revenue of $54.44 billion, up 8.1% year-over-year. Also, its operating income increased 3.4% from the prior-year period to $1.75 billion, while net income attributable to Costco was $1.364, an increase of 3% year-over-year.
