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Costco Wholesale Corporation (COST) Q3 2022 Results - Earnings Call Transcript

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Costco Wholesale Corporation (NASDAQ:COST) Q3 2022 Earnings Conference Call May 26, 2022 5:00 PM ET

Company Participants

Bob Nelson - Senior Vice President, Finance & Investor Relations

Conference Call Participants

Simeon Gutman - Morgan Stanley

Chuck Grom - Gordon Haskett

Megan Alexander - JPMorgan

Scot Ciccarelli - Truist Securities

John Heinbockel - Guggenheim

Karen Short - Barclays

Edward Kelly - Wells Fargo

Peter Benedict - Baird

Brandon Cheatham - Citi

Erica Eiler - Oppenheimer

Kelly Bania - BMO Capital Markets

Laura Champine - Loop Capital

Greg Melich - Evercore ISI

Blake Anderson - Jefferies


Good day, and thank you for standing by. Welcome to the Costco Wholesale Corporation Third Quarter Earnings Conference Call. At this time, all participant’s are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker for today. Thank you. Please go ahead.

Bob Nelson

Thank you, Erica, and good afternoon to everyone. This is Bob Nelson, Senior VP of Finance and Investor Relations here at Costco. Thank you for dialing in into today's conference call to review our third quarter fiscal year 2022 operating results.

Before we begin, a couple of housekeeping items to take care of. First, as you now have surmised, Richard is not with us today. He is doing great and wishes he could be on the call. He is in Italy with his family on a rescheduled vacation that was canceled early in the pandemic. He wanted me to pass along his best to everyone and in his absence I will be filling in for him today.

Secondly, and before we get into the details of today's earnings results, I need to read our

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