Costco Wholesale Corporation

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  • Aug. 26, 2013, 10:46 AM
    | Aug. 26, 2013, 10:46 AM
  • Aug. 21, 2013, 1:40 PM
    • Retail is in a state of "bifurcation" as on-trend luxury retailers (KORS, JWN, TIF) and home improvement specialists (HD, LOW) thrive, while heavyweight merchandise retailers (WMT, TGT, COST), mall-based apparel chains (AEO, ARO, LTD), and discounters (DG, DLTR, FDO) disappoint.
    • As execs with Target noted during the firm's earnings call this morning, consumers seem more than happy to buy new automobiles and fix up their houses - but have tightened up on toothbrushes, socks, and soap.
    • A few companies - through some good luck and solid execution - sit in a consumer demand sweet spot. Ross Stores (RST), TJX Companies (TJX), and Subaru (FUJHY.PK) come to mind.
    • Related ETFs: XRT, RTH, PMR, RETL.
    | Aug. 21, 2013, 1:40 PM | 4 Comments
  • Aug. 19, 2013, 8:31 AM
    • Target (TGT) landed at the bottom of the list in a customer satisfaction survey of shoppers in Canada conducted by Forum Research.
    • The company admits some growing pains in the nation, but says its own polling shows improvements in customer opinions.
    • The clear winner in the Forum Research survey was Costco Canada (COST) which improved its overall score with customers since the introduction of Target in Canada.
    | Aug. 19, 2013, 8:31 AM
  • Aug. 15, 2013, 7:37 AM
    • The warning signs have been out for a few weeks, but Wal-Mart's (WMT) Q2 report confirms that consumers in the U.S. have been pulling back.
    • Though the excuses from companies vary - weather, auto purchases, payroll tax hike - the trend toward softer discretionary spending on lower traffic remains consistent.
    • Sector alert: In addition to missing analyst estimates, Wal-Mart also showed a jump in inventory levels in Q2 and warned on emerging markets.
    • On watch: Costco (COST), PriceSmart (PSMT), Target (TGT)
    • Related ETFs: XRT, RTH, PMR, RETL.
    | Aug. 15, 2013, 7:37 AM | 1 Comment
  • Aug. 8, 2013, 11:15 AM
    • Disappointing retail sales numbers for July, on weak mall traffic in particular, has analysts reconsidering how to forecast back-to-school sales.
    • Though the office supply group (SPLS, OMX, ODP) and big-box retailers (COST, WMT, TGT) may survive the season intact as parents buy staples, apparel sellers (ZUMZ, GPS, LTD, JCP, M, AEO) are at risk of seeing estimates taken lower on the discretionary side.
    | Aug. 8, 2013, 11:15 AM
  • Aug. 8, 2013, 8:41 AM
    • Costco's (COST) July comparable-store sales were solid at 4%, but trailed estimates by 80 bps.
    • Retail analysts note the retailer's performance in the U.S. was the worst since June of 2012 after backing out gas sales and F/X.
    • COST -0.9% premarket.
    | Aug. 8, 2013, 8:41 AM | 2 Comments
  • Aug. 8, 2013, 3:15 AM
    • Costco (COST) net sales +6.9% to $7.87B in July.
    • Comparable sales +4%; U.S. and International each +4%.
    • Excluding gasoline and forex fluctuations, comparable sales +5%; U.S. +3% and International +8%.
    • "Changes in gasoline prices had a positive impact while foreign exchange rates had a negative impact on comparable sales," Costco says. (PR)
    | Aug. 8, 2013, 3:15 AM
  • Jul. 23, 2013, 5:11 AM
    Costco Wholesale Corporation (COST) declares $0.31/share quarterly dividend, in line with previous. Forward yield 1.05%. For shareholders of record Aug. 9. Payable Aug. 23. Ex-div Aug. 7. (PR)
    | Jul. 23, 2013, 5:11 AM
  • Jul. 11, 2013, 8:14 AM

    More on Costco's (COST) June sales: The retailer's healthy 6% gain in comparable store sales for June was derived from higher traffic in stores as the membership fee model continues to lead to consistent performance. By category, fresh food and home goods outperformed for the company. COST +1.2% premarket to $115.00

    | Jul. 11, 2013, 8:14 AM | 1 Comment
  • Jul. 11, 2013, 4:30 AM

    Costco's (COST) net sales +8% to $9.92B in June. Comparable sales +6% vs consensus of +5.4%, U.S. +6%, international +6%. Excluding gasoline and forex impact, comparable sales +6%, U.S. +6%, international +8%. (PR)

    | Jul. 11, 2013, 4:30 AM
  • Jul. 3, 2013, 9:12 AM

    The New York Attorney General's office investigates a group of retailers which includes Home Depot (HD), Costco (COST), and Wal-Mart (WMT) over fees charged to employees on prepaid cards used as a form of compensation. The practice of using prepaid payroll cards has exploded, promoting the inquiry into the fee structure retailers have put in place.

    | Jul. 3, 2013, 9:12 AM | 4 Comments
  • Jul. 1, 2013, 7:37 AM

    Vivus (VVUS) makes its Qsymia weight-loss medication available in retail pharmacies around two weeks early, with the drug now on the shelves at an initial 8,000 Walgreen (WAG), Costco (COST) and Duane Reade outlets. The early retail availability of Qsymia comes amid searing criticism of Vivus and its launch of the drug from activist shareholder First Manhattan, which wants to replace the whole of the company's board. (PR)

    | Jul. 1, 2013, 7:37 AM | 1 Comment
  • Jun. 18, 2013, 8:15 AM

    More on ICSC Retail Sales: The retail sector put in a mixed week with department stores, electronics store chains (RSH, BBY), and drug stores (CVS, WAG, RAD) strong for the period, but sales at dollar stores (DG, DLTR, FIVE, FDO) and wholesale clubs (COST, PSMT) notably weak. After last week's drop in sales cut into forward progress, the year-over-year gain in retail chain store sales stands 2.5% higher after threatening a 3% pace earlier in the year.

    | Jun. 18, 2013, 8:15 AM
  • Jun. 8, 2013, 9:05 AM
    Boring stocks can bring exciting returns, Mark Hulbert discovers, as his research reveals stocks exhibiting the least historical volatility on average comfortably outperform the most "exciting" (i.e., volatile) issues. One believer in the boring-is-beautiful school, Guggenheim Partners' Nardin Baker, likes these stocks: SO. D, KMB, CL, COST. Too volatile are AAPL, GS, C, MS, HPQ. MET.
    | Jun. 8, 2013, 9:05 AM | 6 Comments
  • Jun. 6, 2013, 12:50 PM

    More on Costco's (COST +0.6%) sales: Comparable store sales growth of 5% beat estimates calling for a 4.4% gain. International sales growth outpaced sales in the U.S. by a percentage point, 6% to 5%, and would have been 7% if not for the impact of gasoline prices and foreign exchange swings. On its pre-recorded sales call, execs noted the company's average transaction size fell 0.5% Y/Y while traffic was up 4.5%.

    | Jun. 6, 2013, 12:50 PM
  • Jun. 6, 2013, 4:00 AM
    Costco (COST) May same-store sales: +5%. Total sales +7% to $8.13B (PR)
    | Jun. 6, 2013, 4:00 AM
Company Description
Costco Wholesale Corp and its subsidiaries operates membership warehouses. The Company offers its members low prices on a limited selection of nationally branded and select private-label products in merchandise categories.