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Costco Wholesale Corp (COST.O)

COST.O on Nasdaq

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$0.56 (+0.32%)
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Latest Key Developments (Source: Significant Developments)

Costco Wholesale Corp announces debt offering
Tuesday, 9 May 2017 06:53pm EDT 

May 9 (Reuters) - Costco Wholesale Corp :Costco Wholesale Corporation announces debt offering.Announced pricing of its offering of $3.8 billion aggregate principal amount of senior unsecured.Costco Wholesale Corp - Intends to use net proceeds and existing cash to pay previously announced special cash dividend of approximately $3.1 billion.Costco Wholesale - Also intends to use net proceeds and existing cash to repay at or prior to maturity all of its 1.125% senior notes due Dec 15, 2017.  Full Article

Patent lawsuit filed by lexos media against Channeladvisor's customer Costco Wholesale Corp has been dismissed
Monday, 8 May 2017 08:30am EDT 

May 8 (Reuters) - Costco Wholesale Corp :Patent lawsuit filed by Lexos Media against Channeladvisor's customer Costco Wholesale Corporation has been dismissed.Dismissal by Lexos was not tied to any payment or settlement agreement.  Full Article

Costco Wholesale April net sales of $9.42 billion
Wednesday, 3 May 2017 09:08pm EDT 

May 3 (Reuters) - Costco Wholesale Corp :U.S. Comparable sales were up 4% .Costco wholesale corporation reports April sales results.April total company comparable sales up 3 %.For thirty-five weeks ended April 30 net sales of $82.24 billion, up six percent from $77.94 billion during similar period last year.Net sales of $9.42 billion for month of April.U.S. Comparable sales for April excluding impacts from changes in gasoline prices and foreign exchange 3 percent.  Full Article

Costco Wholesale says special cash dividend of $7 per share
Tuesday, 25 Apr 2017 04:45pm EDT 

April 25 (Reuters) - Costco Wholesale Corp :Costco Wholesale Corporation reports special cash dividend of $7.00 per share and increase in quarterly cash dividend.Costco Wholesale Corp - aggregate payment will be approximately $3.1 billion.Costco Wholesale Corp - special dividend will be funded primarily through additional borrowings..Costco Wholesale Corp - sets regular quarterly cash dividend of 50 cents per share, that represents a quarterly increase of 5 cents per share.  Full Article

Costco Wholesale Corporation reports March sales results
Wednesday, 5 Apr 2017 09:00pm EDT 

Costco Wholesale Corp : Costco wholesale corporation reports march sales results . March sales rose 9 percent to $11.64 billion . March U.S. Comparable sales up 7 pct . March total company comparable sales 6 percent . Excluding impacts from changes in gasoline prices and foreign exchange comparable sales for U.S. in March was 6 percent .Costco Wholesale Corp -excluding impacts from changes in gasoline prices and foreign exchange comparable sales in March for total company was 5 pct.  Full Article

Costco Wholesale Corp elects Kenneth Denman to board
Monday, 20 Mar 2017 05:34pm EDT 

Costco Wholesale Corp : Costco Wholesale Corporation announces new board member .Costco Wholesale Corp - election to its board of directors of Kenneth Denman.  Full Article

Costco Wholesale Q2 shr $1.17
Thursday, 2 Mar 2017 04:15pm EST 

Costco Wholesale Corp : Costco Wholesale Corporation reports second quarter and year-to-date operating results for fiscal year 2017, february sales results, and plans for membership fee increase . Q2 Shr $1.17 . Says net sales for quarter increased six percent, to $29.13 billion from $27.57 billion last year . Q2 earnings per share view $1.36 -- Thomson Reuters I/B/E/S . Costco Wholesale Corp - effective June 1, 2017, it will increase annual membership fees by $5 for U.S. and Canada Goldstar (individual), business . Costco Wholesale Corp - will also increase annual membership fees by $5 for business add-on members . Costco Wholesale Corp - with increase, all U.S. And Canada Goldstar, business and business add-on members will pay an annual fee of $60 . Says total co comparable sales for twelve-week period were up 3% . Costco Wholesale - annual fees for executive memberships in U.S. And canada to increase from $110 to $120 . Costco Wholesale - effective June 1, maximum annual 2% reward associated with U.S., canada executive membership will increase from $750 to $1,000 .Costco Wholesale Corp - "fee increases will impact around 35 million members, roughly half of them executive members".  Full Article

Costco Wholesale Corp reports January net sales of $9.08 bln
Wednesday, 1 Feb 2017 09:00pm EST 

Costco Wholesale Corp : Costco Wholesale Corporation reports January sales results . Net sales of $9.08 billion for month of January, the four weeks ended january 29, 2017, an increase of nine percent . Says total company January same-store sales up 7 percent .Comparable sales for Jan excluding impacts from changes in gasoline prices and foreign exchange up 5 percent.  Full Article

Costco on conf call- 1 pct rise in reported comp sales due to an avg shopping frequency increase of 2.2 pct
Wednesday, 7 Dec 2016 06:25pm EST 

Costco Wholesale Corp : CFO - within fresh foods, produce and deli were the strongest departments . CFO - majority of core US margin increase in Q1 was due to higher year-over-year revenue share and bounty from the new citi visa card . CFO - improving online offerings, adding more exciting high-end brand-new merchandise and improve functionality of site and search . CFO - have shortened the online checkout process and improved member's ability to track their orders "something we weren't terribly good at" . CFO on Amazon Go- "There is a lot of other brick and mortars that that my guess would be far more impacted than us on that but we'll have to wait and see" . Q1 profits from gas were lower by about $20 million this year, primarily due to last year's very strong profit results . On conf call- 1 percent rise in reported comp sales due to an average shopping frequency increase of 2.2% . CFO - " in recent months we've seen additional deflation overall, low to mid-single digit rate in food and food and fresh meat and a little more in some nonfood areas like electronics" . CFO - estimate the percentage of goods imported by costco from overseas is in the mid-20s as a percentage of sales Further company coverage: [COST.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Costco Wholesale posts Q1 earnings of $1.24/share
Wednesday, 7 Dec 2016 04:15pm EST 

Costco Wholesale Corp : Q1 net sales $27.47 billion versus $26.63 billion . Q1 revenue $28.1 billion versus I/B/E/S view $28.3 billion . Costco Wholesale Corporation reports first quarter fiscal year 2017 operating results . Q1 earnings per share $1.24 . Q1 earnings per share view $1.19 -- Thomson Reuters I/B/E/S . Total company comparable sales for Q1 of fiscal 2017 up 1% . This year's Q1 benefited from a non-recurring $51 million ($.07 per diluted share after tax) legal settlement .Total company comparable sales for quarter excluding impacts from changes in gasoline prices and foreign exchange up 2%.  Full Article

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