ISSAQUAH, Wash., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the first quarter of fiscal 2025 (twelve weeks), ended November 24, 2024. Net sales for the first quarter increased 7.5 percent, to $60.99 billion from $56.72 billion last year. Comparable sales for the first quarter fiscal 2025 were as follows:  12 Weeks 12 Weeks   Adjusted*U.S.5.2% 7.2%Canada5.8% 6.7%Other International4.7% 7.1%    Total Compa ...

Core Viewpoint - Costco has rejected a significant majority of the Teamsters' proposed contract provisions, indicating a potential escalation towards a labor dispute as the contract deadline approaches on January 31 [1][2][3]. Group 1: Contract Negotiations - The Teamsters reported that Costco rejected 98% of their proposed contract provisions, which included key issues such as seniority, paid family leave, and sick time [1]. - The union accused Costco of failing to engage in good-faith negotiations, claiming the company is adopting an aggressive anti-union stance [2][3]. - Negotiations were previously suspended in August due to Costco's refusal to allow nonunion workers to join the Teamsters without facing management threats [5]. Group 2: Union Actions and Allegations - The Teamsters have filed unfair labor charges against Costco for various alleged practices, including expelling union representatives and harassing workers [3]. - The union organized a rally in California to protest against what they describe as unfair labor practices and to demand a more favorable contract [2]. Group 3: Company Reputation and Financial Performance - Costco reported net sales of $78.2 billion in fiscal year 2024, but the union argues that the company has deviated from its pro-worker reputation, prioritizing corporate interests over employee welfare [9]. - The union is demanding that the new contract reflects Costco's substantial profits and holds the company accountable for its claims of being worker-friendly [9].

Costco Wholesale Corporation COST will be reporting its first-quarter earnings on Thursday. Wall Street expects $3.79 in EPS and $62.08 billion in revenues as the company reports after market hours.The stock is up 58.01% over the past year, 53.50% YTD.Let’s look at what the charts indicate for Costco stock and how the stock currently maps against Wall Street estimates.Read Also: Costco Q1 Earnings Preview: Membership Fee Increase In Focus With Shares At All-Time HighsCostco Stock Bullish But Overbought Ahea ...

Shares of Costco Wholesale Corporation (NASDAQ:COST) are 1% higher at $1,003.43 at last glance, and earlier touched an all-time high of $1,007.80. These tailwinds follow a federal judge's decision to block the merger between sector peers Albertsons (ACI) and Kroger (KR), with the former now suing the latter for "billions of dollars" in damages.This positive price action also takes place before the wholesale retail giant enters the earnings confessional, scheduled to post fiscal first-quarter results after t ...

ISSAQUAH, Wash., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $21.87 billion for the retail month of November, the four weeks ended December 1, 2024, an increase of 5.6 percent from $20.71 billion last year. For the twelve-week first quarter ended November 24, 2024, the Company reported net sales of $60.99 billion, an increase of 7.5 percent from $56.72 billion last year. Net sales for the first thirteen weeks were $66. ...

Shares of Costco Wholesale Corporation (COST) hit a 52-week high of $983 yesterday, highlighting investor confidence in the company’s business model and performance. This milestone reflects Costco's ability to thrive in a dynamic retail environment, driven by its unmatched value proposition and growing membership base. However, as the stock reaches new highs, the question looms: Should investors hold on for more gains or lock in profits, given its elevated valuation? Costco closed at $982.15 yesterday, just ...

This popular retailer has returned over 250% over the past five years, more than double the S&P 500.Big-box retailer Costco Wholesale (COST 0.31%) has dazzled Wall Street with a breathtaking 250% total return over the past five years, easily trouncing the S&P 500. The company's famously low prices, wide product selection, and popular meal deals (like its $1.50 hotdog) have created a sticky customer base.It's a simple formula that has built Costco's brand and competitive advantages into a juggernaut. I expec ...

Although the Consumer Staples Select Sector SPDR Fund NYSE: XLP has underperformed the broader market this year, with a modest 14.7% YTD gain, momentum appears to be shifting. While the sector lacks the allure of high-growth areas like technology or artificial intelligence, it remains a favorite for long-term investors due to its defensive nature. From a technical perspective, the XLP ETF recently broke above its 50-day and 5-day converging moving averages, signaling renewed upward momentum. As the sector a ...

Costco Wholesale (COST 1.07%) operates around 900 warehouse-style retail stores around the world. Its fiscal 2024 ended on Sept. 1. And during the fiscal year, it generated a whopping $254 billion in total revenue.This makes Costco one of the largest businesses on the entire planet. Just to put its revenue number into perspective, the company generated as much revenue as Procter & Gamble, Johnson & Johnson, Netflix, and The Coca-Cola Company combined. Really.Costco stocks and sells tons of products. In its ...

Over the years, Costco Wholesale (COST 1.07%) investors have become accustomed to collecting special dividends when the company has a strong year. However, special dividend payments are even less of a guarantee than regular dividend payments as they don't follow a schedule. Just because a company makes them one time doesn't mean it will again.But Costco has made special dividend payments multiple times in the past several years. And last year, that announcement came in December. Should investors expect anot ...