MiamiGent
3 months ago
Retail watch: Costco widens its one-year lead over Walmart and Target
Dec. 15, 2023 11:59 AM ET
By: Clark Schultz, SA News Editor
https://stockcharts.com/h-sc/ui?s=COST
Costco Wholesale Corporation (NASDAQ:COST) rallied in morning trading on Friday after a posting a well-received FQ1 earnings report and surprising with a $15 per share special dividend.
On Wall Street, Jefferies analyst Corey Tarlowe noted that Costco (COST) continues to open new club stores in U.S., and is seen having a meaningful runway for continued overseas growth, including in China.
UBS analyst Michael Lasser said that at a high level, Costco's (COST) Q1 provided further evidence that the stock fits well with what the market is looking for right now. "A high-quality business that will be more insulated from ongoing macro pressures than the rest of the pack, by and large," he highlighted.
Telsey Advisory Group also stayed in the bull camp. "Costco’s decision to announce a special dividend in this environment reflects robust results over the past few years and management and the board’s confidence in future business trends," updated analyst Joseph Feldman.
Meanwhile, Oppenheimer said the glory days are not over for Costco (COST) even with the stock printing a new 52-week high on Friday. "For longer-term players, with COST shares trading consistent with peakish valuations, we would take advantage of any dips," advised analyst Rupesh Parikh.
Shares of Costco (COST) were up 3.49% at 11:22 a.m. and are 35% higher over the last 52 weeks. Costco (COST) has outpaced Walmart (WMT) and Target (TGT) by a wide margin over that stretch.
realfast95
11 months ago
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $17.85 billion for the retail month of April, the four weeks ended April 30, 2023, an increase of 3.0 percent from $17.33 billion last year.
For the thirty-five weeks ended April 30, 2023, the Company reported net sales of $155.62 billion, an increase of 5.6 percent from $147.33 billion last year.
realfast95
11 months ago
Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend
ISSAQUAH, Wash. , April 19, 2023 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation ("Costco" or the "Company") (Nasdaq: COST) today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock and approved a quarterly increase from 90 cents to $1.02 per share, $4.08 on an annualized basis. The dividend is payable May 19, 2023 , to shareholders of record at the close of business on May 5, 2023 .
realfast95
11 months ago
Costco Wholesale Corporation Reports March Sales Results
04/05/2023
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ISSAQUAH, Wash., April 05, 2023 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $21.71 billion for the retail month of March, the five weeks ended April 2, 2023, an increase of 0.5 percent from $21.61 billion last year.
For the thirty-one weeks ended April 2, 2023, the Company reported net sales of $137.77 billion, an increase of 6.0 percent from $130.00 billion last year.
Comparable sales were as follows:
5 Weeks 31 Weeks
U.S. -1.5% 5.7%
Canada -2.4% 1.9%
Other International 2.0% 0.9%
Total Company -1.1% 4.5%
E-commerce -12.7% -7.8%
Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
5 Weeks 31 Weeks
U.S. 0.9% 5.2%
Canada 7.4% 8.5%
Other International 7.6% 9.1%
Total Company 2.6% 6.1%
E-commerce -11.6% -6.6%
Additional discussion of these results is available in a pre-recorded message. It can be accessed by dialing 1-866-672-0388 or by visiting investor.costco.com (click on “Events & Presentations”). This message will be available through 5:00 p.m. (PT) on Wednesday, April 12, 2023.