ISSAQUAH, Wash., June 05, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $19.64 billion for the retail month of May, the four weeks ended June 2, 2024, an increase of 8.1 percent from $18.16 billion last year. Net sales for the first 39 weeks were $186.07 billion, an increase of 6.9 percent from $174.07 billion last year. Comparable sales were as follows:  4 Weeks 39 Weeks U.S.5.8% 4.3% Canada6.7% 7.6% Other International9.3% 9.1% ...

The simplest way to explain interest rates is that it’s the cost of money. When policymakers cut interest rates, the objective is to lower the cost of money. This translates into higher consumption and investment spending in the economy and GDP growth accelerates. Specific to the United States, consumption spending is one of the key GDP growth drivers. Within that, retail sales are an important catalyst.In this article we will look at some of the best retail stocks to buy. U.S. GDP decelerated in Q1 2024 an ...

Costco is hovering around an all-time high and continues to put up solid results.Costco Wholesale (COST 1.47%) has been a market-outperforming retailer in a growth-driven market. Technology is the only sector that has outperformed the S&P 500 over the last five years. But Costco has done even better, with the stock up 238% in the last five years compared to a 193% gain in the tech sector and a 92% gain in the S&P 500.Costco's strong performance is based on solid fundamentals and investor optimism. Costco re ...

As we near the end of the second quarter, many great stocks are trading at discounted prices and cheap valuations. The market choppiness at the end of May has helped bring down the prices of several leading stocks. So, too, have corporate earnings. Missing Wall Street’s profit and sales targets has led to selloffs in many top stocks, opening up buying opportunities.Investors, particularly those with long time horizons, should pounce and buy some great stocks while they’re on sale. Given their pedigree and p ...

Discretionary items are back on consumers’ shopping lists, Costco said Thursday (May 30) during its quarterly earnings report.During the quarter ended May 12, the retailer saw toys, tires, lawn and garden, and health and beauty aids lead growth in the non-foods category.“As inflation has leveled off, our members are returning to purchasing more discretionary items,” Gary Millerchip, executive vice president and chief financial officer at Costco, said during the company’s quarterly earnings call.As was the c ...

Costco Wholesale Corporation (NASDAQ:COST) Q3 2024 Earnings Call Transcript May 30, 2024 5:00 PM ET Company Participants Gary Millerchip - EVP & CFO Ron Vachris - CEO Conference Call Participants Simeon Gutman - Morgan Stanley Michael Lasser - UBS Chuck Grom - Gordon Haskett Scott Ciccarelli - Truist Securities Kelly Bania - BMO Capital Markets John Heinbockel - Guggenheim Securities Peter Benedict - Baird Brandon Cheatham - Citigroup Greg Melich - Evercore ISI Rupesh Parikh - Oppenheimer Christian Carlino ...

Thursday, May 30th, 2024The second half of May has proven confusing for the markets. After major indices were more or less on a similar trajectory off April’s pullback, we saw the Nasdaq keep climbing higher — largely on the perceptions of the A.I. market following NVIDIA’s (NVDA) earnings report a week ago, while the small-cap Russell 2000 started to wane and the blue-chip Dow flatlined before sinking this week.The S&P 500 has been similarly range-bound over these past couple weeks, as well. Today, the Dow ...

Costco (COST) reported $58.52 billion in revenue for the quarter ended May 2024, representing a year-over-year increase of 9.1%. EPS of $3.78 for the same period compares to $3.43 a year ago. ...

Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced groceries and discretionary items. The membership-only retailer saw resilient demand for its groceries and bakery items as consumers grappling with still-high cost of living preferred cooking more meals at home.With consumers trading down to shop for low-priced goods across product categories, the company also saw steady demand for its low-priced discretionary items. ...