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Costco Wholesale Corporation (COST)

  • Nov. 23, 2012, 10:55 AM
    Retail stocks as a group are trading with strength on optimism Black Friday will deliver a healthy kickoff to the holiday season spending season. While accounts of lines out the door at major stores are an encouraging - but largely anecdotal indicator - it's early numbers from Wal-Mart (WMT +1.2%) and a Dow Jones report tipping off strong online spending on Thanksgiving that may be really powering the mini-rally for big retail concerns such as Costco (COST +0.6%), J.C. Penney (JCP +1.8%), Sears Holdings (SHLD +0.4%), and Target (TGT +0.5%). (Previous: WMT hits 5K transaction per second at its peak)
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  • Nov. 23, 2012, 6:51 AM
    Black Friday shopping will be the headline story in retail for the day, but the underlying plot will be the effect online channels have on the total sales hauls. Though various trade groups tag Black Friday weekend shopping to see a 3% to 4% rise this year, online shopping is expected to increase by closer to 15% heading into Cyber Monday. Online has also been where the winners and losers in the sector have been separated with major online forces such as Macy's (M) and Dick's Sporting Goods (DKS) roaring to huge gains - while the likes of J.C. Penney (JCP) and Big Lots (BIG) limp along.
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  • Nov. 5, 2012, 3:47 PM
    The billion dollar question of whether of not Wal-Mart's (WMT +0.5%) Sam's Club can ever overtake Costco (COST +1.7%) might come down to if enough incentives exist to draw consumers away from the clicking Costco model. New brands, rebates, and the lure of Apple products are a nice start - but the ace-in-the-hole could be Sam's grocery advantage, fresher and fuller products, at the 616 stores it operates. (Annual sales breakdown: $97B in sales for Costco vs. $53.8B for Sam's)
  • Nov. 5, 2012, 4:45 AM
    Some low-wage restaurants, hotels and retailers have begun or are planning to limit the schedules of staff to below 30 hours a week to avoid having to provide them with health insurance or face a penalty of at least $2,000 per worker, as prescribed under the Healthcare Act. Darden Restaurants (DRI) is among those modifying its policies, although Marriott (MAR) and Costco (COST) have no plans to change employee hours.
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  • Nov. 2, 2012, 7:56 AM
    The recent mix of economic news and retail sales reports sets the table for a holiday retail season that will come in better than original forecasts, according to IHS Global Insight. What to watch: While Hurricane Sandy is only an "interruption" to retailers on a strong growth track and an "excuse" for underperformers, two potential drags on Q4 retail sales could be a fiscal cliff that doesn't get resolved or a national election that is in dispute.
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  • Nov. 1, 2012, 6:57 AM
    Costco (COST) cites inflation in gas prices and stronger foreign currency as two positive drivers on October sales. Excluding those two factors, both international sales and domestic sales rose 5%. Execs say on a pre-recorded sales call the effect of Hurricane Sandy on November sales will be negligible.
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  • Nov. 1, 2012, 3:31 AM
    Costco (COST) Oct same-store sales: +7%. Total sales +9% to $7.67B (PR)
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  • Oct. 31, 2012, 1:34 PM
    Retail analyst Stacey Widlitz warns opportunistic traders that weather events don't print money, but only pull sales forward or away from discretionary spending in some cases. So when Target (TGT -0.5%) and Costco (COST +1.2%) show an uptick when they report October sales due to a consumer stockpiling effect, Widlitz sees a back-end drag down the road from those very same purchases.
  • Oct. 31, 2012, 10:04 AM
    Mall-based retailers and department stores are holding up relatively well in early trading after the effect of Hurricane Sandy was lined up as a major Q4 headwind. The trick now is to figure out which retail firms can recover lost sales. Two notables exceptions to the subdued trading pattern - J.C. Penney (JCP -4.8%) and Sears (SHLD -6.5%) - had a slightly higher percentage of stores in the path of Hurricane Sandy than the average in the sector.
  • Oct. 31, 2012, 5:44 AM
    Costco (COST) declares $0.275/share quarterly dividend, in line with previous. Forward yield 1.13%. For shareholders of record Nov 16. Payable Nov 30. Ex-div date Nov 14. (PR)
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  • Oct. 30, 2012, 10:02 AM
    Forecasts on the effect of Hurricane Sandy on retail sales still vary greatly, although the general consensus is that a short-term boost of emergency items will lift sales for select companies while the prolonged cleanup could dampen overall holiday sales. Analysts see the list of losers much longer than the list of winners as home repairs take up a great deal of discretionary spending. In a nutshell: Every retailer has a different Sandy-related thesis, with product and geographic mix essential to estimating Q4 numbers.
  • Oct. 29, 2012, 9:44 AM
    More on September Personal Income and Outlays: A 0.8% rise on household purchases is just enough to embolden some analysts to predict a nice follow-through into Q4, especially for companies such as Target (TGT), Wal-Mart (WMT) and Costco (COST) with value propositions. Cheaper gas prices and increased housing market activity could also boost results, while the impact of Hurricane Sandy and the tick-tock nature of the fiscal cliff loom as major wildcards.
  • Oct. 26, 2012, 11:10 AM
    Though consumer sentiment rose to its highest level in five years, don't look for retailers to start adjusting guidance anytime soon. In an interview with CNBC yesterday, AutoNation CEO Mike Jackson gave a somewhat frank assessment of how many execs are looking toward Q4 by noting the fiscal cliff could create a standstill to spending over the last ten days of the year as the automatic cuts slated for January 1 loom larger. Even if a late deal is struck, Q4 sales could take a blow. (video)
  • Oct. 22, 2012, 1:14 PM
    Retailers want to edge into the holiday shopping season as early as possible this year with most forecasts calling for steady - but not spectacular - spending numbers. Trends to watch: 1) Increased online couponing and promotional activity from fringe players. 2) Managing inventory should be easier with the season starting early and big data initiatives firing up which could help margins. 3) The calendar comes through for retailers with a lush 32-day window between Thanksgiving and Christmas extending the crucial part of the season.
  • Oct. 10, 2012, 7:27 AM
    Costco (COST) fired on all cyclinders in FQ4 (I, II) with same-store sales in the U.S. and globally both clipping along at a healthy pace. Analysts note the retailer has struck a unique formula for success with below-market gas prices bringing consumers to its warehouse stores to save money where they are then happy to add to the company's coffers with higher membership fees. New vision centers and private-label products also helped boost sales and margins during the latest period. COST +2.2% premarket.
  • Oct. 10, 2012, 4:02 AM
    More on Costco (COST) FQ4: Net profit +27% to $609M. Same-store sales +5% and +6% excluding the affect of gasoline prices and forex fluctuations. Membership fee revenue +18% to $694M. Ends FY 2012 with 608 warehouses, including 439 in the U.S., and plans to open another 14 before the end of calendar 2012. (PR)
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Company Description
Costco Wholesale Corp and its subsidiaries operate membership warehouses. It offers its members low prices on a limited selection of nationally branded and select private-label products in merchandise categories.