Costco Wholesale Corp

NASDAQ:COSTUnited States

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• DJ Costco Sees Less Linear Earnings Growth in 2025 -- Market Talk, from 9 minutes ago by Dow Jones

  9 minutes ago by Dow Jones
  Companies Mentioned: COST
  
  1838 ET [Dow Jones]--Costco feels good about its momentum as it ends its fiscal 2024 year, but it expects earnings growth across 2025 to be less linear than usually expected, finance chief Gary Millerchip says on a call with analysts. The wholesale retailer plans to keep achieving growth by making investments in its labor bases while driving what Millerchip calls "efficiencies and leverage." ... "As we head into the new fiscal year we feel very good about the opportunity ahead of us good as always we set ourselves internal expectations for how we expect to grow the topline and to do so profitably," the executive says. Shares fall 1.2% to $891.04 in postmarket trading. (sabela.ojea@wsj.com)
  

• DJ Costco Sees No Significant Reaction From Membership Fee Increase -- Market Talk, from 30 minutes ago by Dow Jones

  30 minutes ago by Dow Jones
  Companies Mentioned: COST
  
  1817 ET [Dow Jones]--Costco hasn't seen a dramatic reaction from its customer base after raising its membership fees for the first time since 2017. The wholesale retailer says it hasn't seen a change in this kind of trend, and that it delayed the membership fee increase by two years to help its consumers navigate both the pandemic and inflation. "We were very deliberate in delaying the increase until we felt that we started to see inflation dissipate and our members were spending more in non-foods categories seeing that they were coming through the inflationary period." Costco shares fall 1.1% to $891.35 in postmarket trading. (sabela.ojea@wsj.com)
  

• DJ Costco Sees Slowdown in Spending Across U.S., International Sites -- Market Talk, from 48 minutes ago by Dow Jones

  48 minutes ago by Dow Jones
  Companies Mentioned: COST
  
  1755 ET [Dow Jones]--Costco's consumers are again spending less than they were a year earlier. While traffic or shopping frequency increased 5.6% in the U.S. and 6.4% world-wide, its consumer base spent less in the latest quarter, Costco finance chief Gary Millerchip says on a call with analysts. The wholesale retailer's average transaction was down 0.9% world-wide, and 0.3% in the U.S. In the two prior quarters, the U.S. average transaction was up 0.7% and 0.1%, respectively. The company also saw a slight decline in its U.S. renewal rate, Millerchip says. Costco shares fall 1.1% to $901.44 in postmarket trading. (sabela.ojea@wsj.com)
  

• Costco Fourth-Quarter Earnings Top Views, Revenue Misses, from 1 hour ago by MT Newswires

  1 hour ago by MT Newswires
  Companies Mentioned: COST
  04:50 PM EDT, 09/26/2024 (MT Newswires) -- Costco Wholesale's (COST) fiscal fourth-quarter earnings rose more than expected while the warehouse chain's revenue fell short of Wall Street's estimates. Per-share earnings rose to $5.29 during the 16 wee...

• DJ Costco Stock Slips Slightly After Retailer Posts Mixed Earnings -- WSJ, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: COST
  
  By Sabela Ojea
  
  Costco stock fell slightly after the retailer posted mixed quarterly results, with earnings ahead of expectations while revenue missed Wall Street estimates.