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Costco Wholesale Corporation

6/18/2013, 5:17 PM ET

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Tuesday, June 18, 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. Comment! [U.S. Economy]
Saturday, June 8, 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. 6 Comments [Quick Ideas]
Thursday, June 6, 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%. Comment! [Consumer]
Thursday, June 6, 4:00 AM Costco (COST) May same-store sales: +5%. Total sales +7% to $8.13B (PR) Comment! [Consumer]
Wednesday, June 5, 5:02 PM Sterne Agee sees a 20% upside for shares of Costco (COST) as analyst Charles Grom initiates coverage at Buy with a $130 price target. Cited in the report are a number of "long-term structural advantages" such as "recurring membership fees, strong traffic trends, [and] a pristine balance sheet." Grom also likes COST's international growth strategy given that EBIT margins are higher outside the U.S. Comment! [Consumer]
Friday, May 31, 8:45 AM A below par reading on personal spending for April was affected by lower gas prices and home heating bills and isn't a biting indictment on retail spending (AEO, ANF, ARO, BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, GPS, HD, JCP, JWN, KSS, LOW, LTD, M, NDN, NKE, ODP, PIR, PLCE, RSH, SKS, SPLS, TGT, TJX, URBN, WMT, WSM, ZLC), according to economists. Auto sales also cooled off just a bit in April which had an impact. So far, retail trends have been largely favorable in May as the height of the spring selling season shifted a few weeks later. 4 Comments [Consumer]
Thursday, May 30, 11:32 AM Heard during Costco's (COST +0.5%) earnings call: 1) E-commerce sales up over 20% in both the U.S. and Canada. 2) The company says its retail footprint expanded moderately, square footage up 4% Y/Y. 3) Costco doesn't expect a lot of inflation - except in food categories such as protein and nuts. 4) Execs think they have maintained their pricing advantage over BJ's Wholesale Club and Sam's Club, nothing the retailer will play offense not defense on pricing. (webcast) Comment! [Consumer]
Thursday, May 30, 8:30 AM Costco (COST) delivers another consistent quarter to set itself apart from retailers such as Wal-Mart and Target which haven't hit their stride yet this year. One interesting pull-out is that membership income rose 11.8% Y/Y to $531M during FQ3. COST +0.5% premarket. Comment! [Consumer]
Thursday, May 30, 3:40 AM More on Costco (COST) FQ3: net profit +19% to $459M. Comparable sales +5%, hurt by changes in gasoline prices and forex rates; U.S. +6%, International +4%. Operates 627 warehouses, including 571 in North America and Puerto Rico. Plans to open nine new warehouses by the end of the fiscal year. (PR) 2 Comments [Earnings, Consumer]
Thursday, May 30, 3:12 AM Costco (COST): FQ3 EPS of $1.04 beats by $0.01. Revenue of $23.55B (+8% Y/Y) misses by $0.68B. (PR) Comment! [Earnings, Breaking News]
Thursday, May 30, 12:05 AM Notable earnings before Thursday’s open: BIG, COST, EXPR, FRO, GLNG, JOY, YGE 2 Comments [Earnings]
Wednesday, May 29, 5:30 PM Notable earnings before Thursday’s open: BIG, COST, EXPR, FRO, JOY, YGE Comment! [Earnings]
Tuesday, May 21, 2:59 PM Battle back on: 19 retailers say they will opt out of a $7.25B settlement with Visa (V +0.2%) and MasterCard (MA +0.7%) over interchange fees and will consider additional legal action against the companies. The highly-anticipated move from the heavyweight retailers (WMT, GPS, COST, NKE) comes about a week before a court deadline in the case. 1 Comment [Consumer]
Thursday, May 16, 8:05 AM Shares of Costco (COST) are on watch after Sam's Club puts in a lackluster quarter on lower traffic, but raises some of its membership fees for the first time since 2006. Costco has been slightly above Sam's Club and BJ's Wholesale Club on membership fees, but that hasn't stopped the retailer from beating its rivals on comparable-store sales growth. 1 Comment [Consumer]
Thursday, May 9, 11:55 AM Retail stocks (XRT) were bid up a bit too much, according to AlixPartners' Steve Nevill. High-profile misses on April sales from Limited Brands (LTD -1.8%) and Costco (COST -0.3%) - as well as the soft Q1 numbers from Ann (ANN +4.3%) and Wet Seal (WTSL +5.7%) show that Wall Street might have been expecting too big of a bounce in consumer spending too soon. The price-aware climate appears just right for TJX Companies (TJX +0.8%) and Ross Stores (ROST +0.3%) though, as the pair kept up its winning ways during the month. Comment! [Consumer]
Thursday, May 9, 6:43 AM More on Costco's (COST) sales: The retailer misses the analyst estimate of 4.9% for April same-store sales, but 4% looks good compared to sector peers. The company says changes in gas prices and currency swings had a negative impact on April same-store sales, noting a 6% growth rate would have been seen in both the U.S. and international markets without the two effects. Comment! [Consumer]

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