Thursday, September 26th, 2024The S&P 500 notched a new all-time closing high Thursday, rising by +23 points or +0.40%, to 5745. And it was the laggard among major stock market indexes for the session: the Dow grew +260 points, +0.62%, while the Nasdaq gained +108, +0.60%, and the small-cap Russell 2000 +0.57% on the day.China Stimulus Brings Big GainsNew stimulus policies in China have helped spur some of that country’s biggest stocks notably higher today — and for the week. The big gains began on Tuesday ...

For the quarter ended August 2024, Costco (COST) reported revenue of $79.7 billion, up 1% over the same period last year. EPS came in at $5.15, compared to $4.86 in the year-ago quarter.The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $79.75 billion. With the consensus EPS estimate being $5.05, the EPS surprise was +1.98%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...

Key TakeawaysCostco Wholesale reported fiscal fourth-quarter earnings that topped analysts’ expectations but narrowly missed on revenue.The warehouse retailer's e-commerce sales came short of estimates despite rising 18.9% year-over-year, as the pace of growth slowed.While Costco's recent hike in membership fees didn't impact the period, investors will be watching how higher fees could affect the company’s results going forward. Costco Wholesale (COST) reported fiscal fourth-quarter earnings that topped ana ...

Costco (COST) came out with quarterly earnings of $5.15 per share, beating the Zacks Consensus Estimate of $5.05 per share. This compares to earnings of $4.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.98%. A quarter ago, it was expected that this warehouse club operator would post earnings of $3.70 per share when it actually produced earnings of $3.78, delivering a surprise of 2.16%.Over the last four quarters, the com ...

1 4 th Quarter FY 2024 Supplemental Information Q4 Highlights - Sales $78.2B Net Sales +1.0% Growth1 +5.4% Comparable Sales +6.9% Adjusted Comparable Sales2 +6.4% Comparable Traffic +18.9% E-Comm Comparable Sales -0.9% Comparable Ticket +19.5% Adjusted E-Comm Comparable Sales3 | --- | --- | --- | --- | --- | |------------|-------|--------|----------------------|----------------| | Comp Sales | US | Canada | Other International | Total Company | | Sales | +5.3% | +5.5% | +5.7% | +5.4% | | Ticket | -0.3% | -2 ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Exhibit 99.1 Press Release COSTCO WHOLESALE CORPORATION REPORTS FOURTH QUARTER AND FISCAL YEAR 2024 OPERATING RESULTS ISSAQUAH, Wash., September 26, 2024 - Costco Wholesale Corporation ("Costco" or the "Company") (Nasdaq: COST) today announced its operating results for the 16-week fourth quarter and the 52-week fiscal year ended September 1, 2024. For the 16-week fourth quarter, the Company reported net sales of $78.2 billion, an increase of 1.0 percent compared to net sales of $77.4 billion in the 17-week ...

ISSAQUAH, Wash., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the 16-week fourth quarter and the 52-week fiscal year ended September 1, 2024. For the 16-week fourth quarter, the Company reported net sales of $78.2 billion, an increase of 1.0 percent compared to net sales of $77.4 billion in the 17-week fourth quarter of fiscal year 2023. For the 52-week fiscal year, the Company reported net sales of $249. ...

Costco looks priced for perfection.Costco Wholesale (COST -0.53%) has been one of the biggest winners in the retail sector over its history. Its simple business model of selling bulk goods at bargain prices while collecting lucrative membership fees has generated a wide economic moat and driven steady growth.However, one analyst is calling time on the latest Costco rally, effectively forecasting a decline in the stock. Truist downgrades CostcoCostco shares keep churning higher, but those gains have come pre ...

Key TakeawaysCostco will report earnings after the market closes on Thursday.The majority of analysts tracked by Visible Alpha hold a buy rating on the bulk retailer, but their average price target isn't much higher than today's close. This will be Costco's first earnings report since raising its membership price for the first time in seven years. Costco Wholesale (COST) will report fiscal fourth-quarter earnings after the closing bell Thursday, with analysts projecting growth on the top and bottom lines—bu ...