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Costco Wholesale Corp (COST.OQ)

COST.OQ on NASDAQ Stock Exchange Global Select Market

166.90USD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

Costco Wholesale Corp's total Sept comparable sales up 2 pct
Wednesday, 2 Nov 2016 09:38pm EDT 

Costco Wholesale Corp : Says Sept total comparable sales company up 2 % . Costco wholesale corporation reports October sales results .October sales rose 4 percent to $9.11 billion.  Full Article

Costco Wholesale's director reports open market sale of 20,114 shares of co
Tuesday, 11 Oct 2016 10:07am EDT 

Costco Wholesale Corp :Costco wholesale - Director James D Sinegal reports an open market sale of 20,114 shares of co for $149.02 per share was made on oct 7 - SEC Filing.  Full Article

Costco Wholesale says Sept sales rise 3 pct to $11.06 bln
Wednesday, 5 Oct 2016 09:00pm EDT 

Costco Wholesale Corp : September sales rose 3 percent to $11.06 billion . Plans to open up to an additional nine new warehouses (including one relocation) before end of calendar year 2016 . Comparable sales for the month of september 1% .Costco wholesale corporation reports september sales results.  Full Article

Costco Wholesale amends, restates bylaws to implement proxy access - SEC Filing
Friday, 30 Sep 2016 04:24pm EDT 

Costco Wholesale Corp: Says amended the company's amended and restated bylaws to implement proxy access - SEC Filing .Bylaws to permit a shareholder, or a group of up to 20 shareholders, owning 3% or more of stock to nominate 20% of the board of directors.  Full Article

Costco Wholesale Corporation responds to partial verdict
Thursday, 29 Sep 2016 08:59pm EDT 

: Costco Wholesale Corp - Costco Wholesale Corporation responds to partial verdict . Costco Wholesale Corp - Proceedings will immediately follow concerning jury's determination that Tiffany & Co. Is entitled to an award of punitive damages .Costco Wholesale Corp - Because jury's deliberations are continuing, further comment is not appropriate at this time..  Full Article

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BRIEF-Costco Wholesale Corp elects Kenneth Denman to board

* Costco Wholesale Corp - election to its board of directors of Kenneth Denman Source text for Eikon: Further company coverage: