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Costco Wholesale Corporation (COST)

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  • Dec. 12, 2012, 7:00 AM
    More on Costco (COST): Comparable sales in the U.S. rose 7%, while globally they gained 9%. Membership fee revenue up 14% Y/Y to $511M. The company plans to add one new warehouse before the end of the calendar year. (PR)
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  • Dec. 12, 2012, 4:00 AM
    More on Costco (COST) FQ1: net profit +30% to $416M. Membership fee revenue +14.3% to $511M after it raised U.S. and Canadian membership fees 10% last year. Comparable sales +7%, boosted by gasoline prices and forex fluctuations, with U.S. +7%, international +9%. Costco operates 621 warehouses, including 448 in the U.S. and Puerto Rico. Plans to open outlet in Korea before the end of the month. (PR)
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  • Dec. 12, 2012, 3:51 AM
    Costco (COST): FQ1 EPS of $0.95 beats by $0.02. Revenue of $23.2B (+9.5% Y/Y) misses by $500M. (PR)
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  • Dec. 12, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: COST, JOY
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  • Dec. 11, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: COST, JOY
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  • Dec. 6, 2012, 9:21 AM
    Shares of Costco (COST) fall 7.1% premarket after the record date for its special dividend comes and goes. The dividend move by the retailer has drawn some debate because it needed to sell $3.5B in debt to make the $3B payment.
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  • Dec. 6, 2012, 9:10 AM
    Premarket gainers: WLT +7%. ZNGA +6%. AKAM +5%.
    Losers: ENZN -28%. VRA -10%. MW -10%. COST -7%. ERJ -6%. LFVN -6%. LVS -5%.
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  • Nov. 29, 2012, 1:29 PM
    Deloitte retail analyst Alison Paul doesn't think the Hurricane Sandy excuse being trotted out by major retailers is too far off base. After accounting for a significant pre-storm slowdown and major power outages in the Northeast, she thinks the numbers as a whole are actually quite good. In that same vein, other analysts point to layaway sales and online sales yet to ship as two categories that will help December compensate for the light November.
  • Nov. 28, 2012, 4:50 PM
    Costco (COST) intends to use proceeds from senior unsecured notes towards payment of special dividend of $7.00/share. The balance of the proceed will be used for general corporate purposes. (PR)
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  • Nov. 28, 2012, 3:35 PM
    Costco (COST +6.2%) seems to be firing on all cylinders despite the macroeconomic questions circling around. Shareholders fresh from the buzz of a special $7 per share dividend also heard the company all but promise to keep dividend "activity" and share repurchases percolating right along. New stores are still on tap to complement the brisk same-store sales gains the retailer is seeing in the U.S. and globally. Amid a flurry of gushing analyst praise, Fitch kept its cool with a minor credit rating cut on COST to A+ from AA-.
  • Nov. 28, 2012, 10:00 AM
    Costco (COST +4.4%) moves higher after announcing a special dividend and releasing same-store sales growth numbers that still sail north of those of Wal-Mart and Target. Analysts are also more than a little bit intrigued with the prospect of ConAgra helping Costco increase the volume of private label products after execs tipped off the increasing focus on the partnership on a conference call yesterday.
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  • Nov. 28, 2012, 4:37 AM
    Costco (COST) same-store sales +6% Y/Y in November vs consensus of +5.4%, helped by higher gasoline prices and the weakness of the dollar. Excluding the impact of fuel and forex, sales +5%. Overall net sales +9% to $8.15B. To pay special dividend of $3B, or $7/share. For shareholders of record Dec 10. Payable Dec 18. (PR)
  • Nov. 27, 2012, 1:33 PM
    After execs with ConAgra made it perfectly clear on a conference call earlier (wrapup) that the allure in buying Ralcorp Holdings is to try to dominate the market for private label foods, the next question for the sector is how far can the food giant go. The company can add distribution channels at outlets such as Costco (COST +0.7%) and Whole Foods Market (WFM -0.9%), while also making private label products for huge accounts like Wal-Mart, McDonald's, and Kroger. Are Kellogg (K +0.5%), Kraft (KRFT +1%), and General Mills (GIS +0.7%) in any trouble or will the formidable marketing clout of the packaged food companies beat back the challenge?
  • 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)
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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.