Costco Wholesale Corporation is an American retail company that operates a chain of warehouses and membership-based stores worldwide. The company offers a wide range of products, including groceries, electronics, apparel, home furnishings, consumer electronics, and other items at wholesale prices. Costco is known for selling larger packages and bundles, allowing customers to buy larger quantities at lower prices. The company also emphasizes the quality and value of its products and provides exceptional customer service. Costco is a popular shopping destination for both consumers and business customers seeking advantageous deals on a wide range of products. Costco Wholesale Corporation (COST) shares are an attractive choice for investors who follow the retail industry and seek a stable and successful company with a global presence.
Net sales for the 17-week Q4 were $77.43 billion, up 9.4% year-over-year from $70.76 billion in the 16-week Q4 last year. For the 53-week fiscal year, net sales were $237.71 billion, up 6.7% year-over-year from $222.73 billion in the 52-week fiscal year 2022.
Net income for the 17-week Q4 was $2.160 billion, or $4.86 per diluted share, compared to $1... Read more
We have a little bit of a drop here in the premarket. Prices are still around the peaks. Around $520, one could consider entering a position for a shorter period of time, but for an investment, the price would have to go much lower.
Costco $COST reported third-quarter results that missed Wall Street estimates and sent the stock down slightly in premarket trading.
Costco reported fiscal Q3 results of $2.93 per diluted share on revenue of $53.60 billion. Estimates were for $3.32 and sales of $54.61 billion. Cost of goods and administrative and selling expenses increased 1% year-over-year, which had a negative... Read more
We have a little bit of a drop here in the premarket. Prices are still around the peaks. Around $520, one could consider entering a position for a shorter period of time, but for an investment, the price would have to go much lower.