Q3 2024Analyst Estimates for Q3 2024Q3 2023Revenue$58.52 billion$57.92 billion$53.65 billionDiluted Earnings per Share$3.78$3.68$2.93Net Income$1.68 billion$1.63 billion$1.3 billion Investors will hear from Costco's new chief financial officer (CFO) in the company's earnings call for the first time Thursday, with former Kroger (KR) CFO Gary Millerchip assuming the role during the latest quarter. Longtime CFO Richard Galanti stepped down from the position in March after a nearly four-decade run as the retail ...

Costco isn't ready to raise its membership fee, but says it's still a matter of when, not if.The wholesale club last raised fees in 2017, and about every five years before that.Membership fees represent more than half the company's operating income. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicki ...

Exhibit 99.1 Press Release COSTCO WHOLESALE CORPORATION REPORTS SECOND QUARTER AND YEAR-TO-DATE OPERATING RESULTS FOR FISCAL 2024 AND FEBRUARY SALES RESULTS ISSAQUAH, Wash., March 7, 2024 - Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the second quarter (twelve weeks) and the first 24 weeks of fiscal 2024, ended February 18, 2024. Net sales for the quarter increased 5.7 percent, to $57.33 billion, from $54.24 billion last year. Net sales f ...

ISSAQUAH, Wash., May 30, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the third quarter (twelve weeks) and the first 36 weeks of fiscal 2024, ended May 12, 2024. Net sales for the quarter increased 9.1 percent, to $57.39 billion, from $52.60 billion last year. Net sales for the first 36 weeks increased 7.0 percent, to $171.44 billion, from $160.28 billion last year. Net sales were positively impacted by approximate ...

NANJING, CHINA - MAY 28: A view of the new store of Costco on May 28, 2024 in Nanjing, Jiangsu ... [+] Province of China. U.S. retail giant Costco Wholesale opens a new store in Nanjing on May 28, which is the seventh Costco store on the Chinese mainland. (Photo by VCG/VCG via Getty Images)VCG via Getty Images[Note: Costco’s fiscal year ends in August]Costco (NASDAQ: COST) is scheduled to report its fiscal third-quarter results on Thursday, May 30. We expect Costco stock to trade lower with revenues and ear ...

For a moment between 2020 and 2022, it seemed as if e-commerce would become the future of how people shop and purchase their daily goods. From companies like Amazon (NASDAQ:AMZN) to Costco Wholesale (NASDAQ:COST), in-person shopping looked like a thing of the past. However, there are still some benefits to shopping in person that e-commerce cannot replace.Moreover, many of the aforementioned companies’ stocks have seen generous corrections in the period since the pandemic. In some cases, these corrections w ...

Numerous retail executives have continually reiterated how tough economic conditions continue to strain consumer budgets, leading to dampened discretionary spending and prompting companies to cut prices just to drive in-store and online traffic.  However, recent data from Placer.ai shows Costco had a boost in visits during the first quarter, with traffic up 8.9% year over year. In February, visits were up 10.9%. Over the next two months, visits were up 10.5% and 9.2%, respectively, compared to the same time ...

Costco is an amazing business, but the price has gotten out of control.Shares of Costco (COST 0.43%) recently hit an all-time high, a major milestone for the retailer. But digging into the numbers may make you question the price of shares today. Travis Hoium digs into the business and the price in this video.*Stock prices used were end-of-day prices of May 26, 2024. The video was published on May 28, 2024. ...

These quality companies can pay you passive income for the rest of your life.Investing in leading consumer brands can be a rewarding dividend investment strategy. History shows that brands that become household names tend to stay that way and keep growing for years.Some of the best income investments may be companies where you shop routinely, which can give you insights about the company's competitive position that Wall Streeters may not fully understand.To give you some ideas, read why three Motley Fool co ...