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Costco Wholesale Corporation (COST)

  • Sep. 1, 2011, 3:04 AM
    In addition to announcing Jim Sinegal's resignation, Costco (COST) said August same-store sales rose 11% Y/Y, beating forecasts of 9.3%. Total revenue increased 17% to $6.9B. Total sales for FY 2011 climbed 14% to $87B. Shares -0.65% in AH trading. (PR)
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  • Sep. 1, 2011, 2:56 AM
    Costco (COST) CEO Jim Sinegal plans to resign effective January and will be replaced by COO Craig Jelinek. Sinegal, 75, is quitting because of his age and because the firm is in good shape. He will remain with Costco through January 2013 as an advisor, and he will continue on the board. (PR)
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  • Aug. 16, 2011, 5:05 PM
    Wall Street Strategies upgrades Wal-Mart (WMT +3.9%) to Hold from Sell, as the company "may finally be poised to benefit from consumer spending volatility, and that is not priced into the stock.". Although it posted a 0.9% decline in Q2 U.S. comp store sales, worse than TGT, COST and BJ, sales accelerated through the quarter, and Q4 guidance looks strong.
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  • Aug. 4, 2011, 9:09 AM
    July same-store sales (actual vs. estimate), update #1:
    COST +10% vs. +8.6%.
    HOTT +7.3% vs. +0.5%.
    LTD +6% vs. +4.2%.
    WAG +2.7% vs. +2.5%.
    ZUMZ +4.9% vs. +7.5%.
    1 miss, 4 beats.
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  • Aug. 4, 2011, 4:17 AM
    Costco's (COST) same-store sales rose a stronger-than-expected 10% in July, helped by higher gas prices and currency fluctuations. Ex-gas and forex, sales were up 5%, and would have been higher except this year's four-week period included 27 days in the U.S. vs. 28 days last year. (PR)
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  • Jul. 15, 2011, 12:20 PM
    Asia's growing appetite for pizza and cheeseburgers has been a boon for American cheese exporters. But Kraft (KFT) and Costco (COST) aren't pleased, as soaring cheese prices has led to higher commodity costs. Global food costs in general have doubled over the last 6 years, according to a UN index.
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  • Jul. 7, 2011, 7:42 AM
    June same-store sales (actual vs. Thomson Reuters estimate), update #1:
    COST +14% vs. +12.7%.
    HOTT +0.4% vs. -2.4%.
    LTD +12% vs. +3.8%.
    SSI +1.8% vs. +1.5%.
    ZUMZ +9.6% vs. +5.8%.
    0 misses, 5 beats.
  • Jul. 7, 2011, 5:50 AM
    Costco (COST +0.4%) kicks off this morning's same-store sales reports with a 14% jump in sales at stores open at least a year. Analysts had expected a 12.7% rise.
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  • Jul. 6, 2011, 2:58 PM
    Shares of retailers are mostly higher ahead of expected strong June sales numbers tomorrow - URBN +7%, TGT +1.6%, COST +1.5%, ANF +1.2% - but the second half could get trickier. More retailers likely will try to raise prices to offset high costs for commodities such as cotton, but excess inventory and a weakening economic backdrop could crimp results.
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  • Jul. 6, 2011, 8:42 AM
    Walgreens (WAG) reports June sales +6.8% Y/Y, with same-store sales +4.8%. Most retailers report their numbers tomorrow, and analysts predict a strong rebound after a weak May, thanks to better weather, some relief in gas prices, and more promotions in the malls. Discounters such as Costco (COST) are expected to post the highest growth.
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  • Jun. 16, 2011, 3:27 PM
    James Altucher's eight reasons most people stink at trading stocks, and what to do instead: Copy someone like Warren Buffett who really knows what he's doing... or has been flat lucky. These days, Buffett is into stocks like these: MA, GSK, SNY, XOM, UPS, COST, WMT, WPO, WFC.
  • Jun. 2, 2011, 8:09 AM
    May same-store sales (actual vs. Thomson Reuters estimate), update #1:
    BJ +7.4% vs. +7.1%.
    BONT -2.3% vs. +0.3%.
    BKE +8.8% vs. +6.3%.
    CATO -3% vs. +2%.
    COST +13% vs. +11.2%.
    DEST -6.9% vs. -1%.
    DDS +2% vs. +3%.
    4 misses, 3 beats.
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  • May. 25, 2011, 3:52 PM
    Polo Ralph Lauren (RL -9.2%) sinks to the bottom of the S&P after reporting its disappointing quarter and big jump in inventories, raising concerns about future markdowns. Costco (COST -1.1%) is lower after taking a $49M accounting charge related to rising prices. Retailers and apparel companies (RTH -0.3%) perk up but continue to lag.
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  • May. 25, 2011, 5:31 AM
    Costco Wholesale (COST): FQ3 EPS of $0.80 beats by $0.03. Revenue of $20.6B (+16% Y/Y) beats by $0.5B. Comparable store sales +12% Y/Y; +10% in U.S., +18% overseas. (PR)
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  • May. 25, 2011, 12:05 AM
    Notable earnings before Wednesday's open: AEO, BMO, COST, RL, STP, TOL
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  • May. 17, 2011, 2:03 PM
    In what may be a tradeoff of margins for higher sales, Costco (COST) is moving into the Chicago gasoline market - the highest-priced one in the U.S. mainland. The move should slow profitability, but may drive new memberships as Costco prices gas $0.06-0.12 below market. RBOB gasoline currently -0.9%.
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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.