Costco Wholesale Corporation (COST) - NASDAQ
  • Sep. 29, 2015, 9:04 PM
    • Costco Wholesale (NASDAQ:COST): FQ4 EPS of $1.73 beats by $0.07.
    • Revenue of $35.78B (+0.7% Y/Y) misses by $440M.
    • Shares -1.2% AH.
    | Sep. 29, 2015, 9:04 PM
  • Sep. 28, 2015, 5:35 PM
    | Sep. 28, 2015, 5:35 PM | 1 Comment
  • Sep. 13, 2015, 2:47 PM
    • U.S. gas prices fell sharply over the last three weeks, according to the latest read from Lundberg Survey.
    • The average price for a gallon of regular declined 9.8% to $2.4419 for the period ending on September 11.
    • Fuel margins are a key earnings factor for a large number of retail chains including CST Brands (NYSE:CST), Murphy USA (NYSE:MUSA), Costco (NASDAQ:COST), Kroger (NYSE:KR), Wal-Mart (NYSE:WMT), and Casey's General Stores (NASDAQ:CASY).
    | Sep. 13, 2015, 2:47 PM | 15 Comments
  • Sep. 8, 2015, 5:58 PM
    • Tiffany (NYSE:TIF) announces it won a trademark case against Costco (NASDAQ:COST) after a judge ruled the term "Tiffany" is not a generic term.
    • Costco has already stopped using the term in describing its ring products.
    • Tiffany has been more aggressive over the last few years in protecting its intellectual property.
    | Sep. 8, 2015, 5:58 PM
  • Sep. 2, 2015, 11:38 PM
    • Costco's (NASDAQ:COST) net sales decline 1.1% y/y to $8.7B in Aug.
    • Aug. comparable sales -2%. U.S. +1%, international -11%.
    • Excluding the effects of gasoline prices and currency swings, comparable sales increased 5%; U.S. +5%, international +7%.
    • The company recorded Q4 net sales at $35B up 1%. Comparable store sales at -1%, U.S. +2%, international -9%.
    • FY15 net sales up 3% at $113.7B. Comparable sales at +1%, U.S. +3%, international -4%.
    | Sep. 2, 2015, 11:38 PM | 14 Comments
  • Sep. 2, 2015, 11:23 AM
    • Retail sales are expected to show negative growth in August on a same-store basis, according to analysis from Thomson Reuters.
    • The research firm sees a 0.2% decline in retail sales and a full percentage point drop if the drug store sector is backed out.
    • Factors that impacted August traffic at stores includes the later Labor Day weekend this year, F/X pain for global sellers, and lower gas prices for chains with pumps.
    • Mall retailers are expected to report soft traffic for the month as well as teens continue to be a hard group to pin down with cheap chic replacing margin-rich logo assortment.
    • Key retail stocks: COST, GPS, TGT, WMT, ZUMZ, BKE, ARO, AEO, ANF.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK
    | Sep. 2, 2015, 11:23 AM | 2 Comments
  • Sep. 1, 2015, 11:12 AM
    • Piper Jaffray backs an Overweight rating on Costco (COST -0.2%) despite the broad expectation that F/X and lower gas prices will clip the top-line number the company pushes out.
    • The investment firm sets a price target of $154 on the membership warehouse club vs. the 52-week trading range of $117.03 to $156.85. Shares of Costco are just under $140 at the moment.
    | Sep. 1, 2015, 11:12 AM | 4 Comments
  • Aug. 19, 2015, 2:04 PM
    • Costco (COST -0.4%) faces one of the first lawsuits filed against a large retailer over the alleged use of slave labor and human trafficking in Thailand.
    • The case was filed against Costco in federal court in California.
    • The plaintiff seeks to expand the action to represent all California consumers of Costco's shrimp products.
    | Aug. 19, 2015, 2:04 PM | 16 Comments
  • Aug. 8, 2015, 11:02 AM
    • Retail sales take center stage next week with a rebound for July expected after the headline number fell in June.
    • The consensus estimate is for a 0.5% M/M increase, although some projections range as high as 1%. A reading in negative territory could rattle markets.
    • Only handful of retail chains still issue monthly sales reports, but many of those that do reported positive growth for July. Costco (NASDAQ:COST), Fred's (NASDAQ:FRED), L Brands (NYSE:LB), Stein Mart (NASDAQ:SMRT), and Rite Aid (NYSE:RAD) all showed pockets of strength. Mall retailers Cato (NYSE:CATO), Zumiez (NASDAQ:ZUMZ), and Buckle (NYSE:BKE) were disappointments. Full Thomson/Reuters analysis (.pdf)
    • Two new factors emerged last week which could impact the U.S. retail sales print: (1) U.S. auto sales topped estimates for July; (2) several retailers warned later sales tax holidays in key states pushed back-to-school spending into August from July.
    • There's also the question if Wal-Mart's (NYSE:WMT) Amazon Prime Day counterpunch stoked extra sales. The Bentonville giant and Amazon (NASDAQ:AMZN) both reported strong responses.
    • On a broader scale, the retail sales report will factor into forecasts on when the Federal Reserve will lift interest rates.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK
    | Aug. 8, 2015, 11:02 AM | 10 Comments
  • Aug. 6, 2015, 11:32 AM
    • Costco (COST +0.2%) reported an underlying comp of 6% in the U.S. for July.
    • The mark is higher than the anticipated comp growth of other general merchandisers for the month.
    • On a prerecorded sales call, the company noted solid demand in the hardlines and food/sundries categories, while consumer electronic and gas lagged.
    • Overall comp traffic was +4%.
    • August sales could be impacted negatively by a later U.S. Labor Day this year.
    • Previously: Costco reports flat same store sales (Aug. 06 2015)
    | Aug. 6, 2015, 11:32 AM
  • Aug. 6, 2015, 12:00 AM
    • Costco's (NASDAQ:COST) net sales grew 1% on year to $8.64B in July.
    • Comparable sales flat. U.S. +3%, international -10%.
    • Excluding the effects of gasoline prices and currency swings, comparable sales increased 7%; U.S. +6%, international +7%.
    | Aug. 6, 2015, 12:00 AM | 1 Comment
  • Jul. 27, 2015, 5:32 PM
    • Costco Wholesale (NASDAQ:COST) declares $0.40/share quarterly dividend, in line with previous.
    • Forward yield 1.11%
    • Payable Aug. 28; for shareholders of record Aug. 14; ex-div Aug. 12.
    | Jul. 27, 2015, 5:32 PM | 2 Comments
  • Jul. 17, 2015, 6:20 PM
    • CVS Health (NYSE:CVS) and Walmart Canada (NYSE:WMT) say a data breach at a Canadian IT vendor owned by Staples (NASDAQ:SPLS) may have leaked credit card information from their online photo processing websites, possibly compromising data on millions of users.
    • The retailers have temporarily shut down their online photo processing services and related mobile services, and urge customers to check their credit card records for any suspicious activity.
    • The vendor also provides software to Costco's (NASDAQ:COST) online photo processing services, but its photo site apparently was functioning today.
    | Jul. 17, 2015, 6:20 PM | 14 Comments
  • Jul. 15, 2015, 8:56 AM
    • Today's promotional battle between Wal-Mart (NYSE:WMT) and Amazon (NASDAQ:AMZN) could have two winners (besides consumers) and many losers, according to retail analysts.
    • The retail machines could pull forward some back-to-school sales away from rivals and smaller chains without the online reach.
    • Shopatron's John Pincott notes it's nearly impossible for consumers to miss the Amazon and Wal-Mart deals due to the broad marketing efforts and allure of a Black Friday-type event.
    • Amazon initiated the promotional battle with a one-day sale celebrating the company's 20th anniversary, while Wal-Mart continues to counterpunch against the moves coming out of Seattle.
    • Margin worries will continue to be in the background while the heavyweights slug it out for top-line growth.
    • What to watch: Companies in the line of fire of the promotional salvos include Staples (NASDAQ:SPLS), Best Buy (NYSE:BBY), Target (NYSE:TGT), Costco (NASDAQ:COST), and Office Depot (NASDAQ:ODP). There's also an alarming trend in play for department stores (JCP, DDS, KSS, M, TJX) with more BTS family shopping for clothing turning online.
    | Jul. 15, 2015, 8:56 AM | 22 Comments
  • Jul. 11, 2015, 1:14 PM
    • It has become quite a bit easier for large retail chains to go with the "Made in the USA" mantra due to the higher cost of producing goods in China.
    • Chinese labor costs on average are now 61% of the level of the U.S. compared to just 17% about 15 years, according to an estimate from Boston Consulting Group.
    • That 39% edge is reduced even further if transport and supply chain costs are factored in.
    • Wal-Mart (NYSE:WMT) and Nike (NYSE:NKE) are two of the majors buying more from U.S. suppliers due as much to the economic benefit as the patriotic flavor. Target (NYSE:TGT), Macy's (NYSE:M), and Costco (NASDAQ:COST) have also highlighted American product lines recently.
    | Jul. 11, 2015, 1:14 PM | 18 Comments
  • Jul. 10, 2015, 7:18 AM
    • Costco (NASDAQ:COST) is upgraded by Oppenheimer to an Outperform rating from Perform.
    • The investment firm sets a price target of $160 on the retail stock.
    • Yesterday, Costco announced strong underlying comparable-store sales growth after F/X swings and gas deflation were backed out.
    • Previously: Costco's reports same store sales at -1% (Jul. 08 2015)
    • Previously: Heard during Costco's sales call (Jul. 09 2015)
    • COST +1.18% premarket to $141.09.
    | Jul. 10, 2015, 7:18 AM | 1 Comment
Company Description
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members low prices on a limited selection of nationally branded and select private-label products in a wide range of merchandise categories. It operates warehouses in the U.S., Canada, the United Kingdom,... More
Sector: Services
Industry: Discount, Variety Stores
Country: United States