Edition:
United States

Costco Wholesale Corp (COST.O)

COST.O on Nasdaq

161.86USD
13 Jan 2017
Change (% chg)

$-0.01 (-0.01%)
Prev Close
$161.87
Open
$161.99
Day's High
$162.13
Day's Low
$161.35
Volume
1,250,214
Avg. Vol
2,362,886
52-wk High
$169.59
52-wk Low
$138.57

Latest Key Developments (Source: Significant Developments)

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

Costco Wholesale Corporation responds to partial verdict
Thursday, 29 Sep 2016 07:26pm 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

Costco Wholesale Q4 earnings per share $1.77
Thursday, 29 Sep 2016 04:15pm EDT 

Costco Wholesale Corp : Costco wholesale corporation reports fourth quarter and fiscal year 2016 operating results . Q4 earnings per share $1.77 . Q4 sales $35.73 billion versus i/b/e/s view $36.81 billion . Q4 earnings per share view $1.73 -- Thomson Reuters I/B/E/S . Qtrly total comparable sales were flat at 0% .Costco wholesale corp qtrly comparable sales excluding negative impacts from gasoline price deflation and foreign exchange up 3%.  Full Article

Costco Wholesale August sales rose 2 pct to $8.9 bln
Wednesday, 31 Aug 2016 09:00pm EDT 

Costco Wholesale Corp : Costco Wholesale Corporation reports August, fourth quarter and fiscal year 2016 sales results . Q4 sales $35.7 billion versus I/B/E/S view $37.19 billion . August sales rose 2 percent to $8.9 billion . Total company comparable sales for 4 week and fifty-two week period ended Aug 28 were 0 percent .Total co comparable sales for 4 week period ended Aug 28, excluding impacts from gasoline price deflation and foreign exchange up 2 percent.  Full Article

Photo

Costco's profit beats estimates on higher store traffic

Warehouse club retailer Costco Wholesale Corp reported a better-than-expected quarterly profit, helped by increased store traffic and higher sales of fresh foods.