Key TakeawaysThe S&P 500 slid 0.7% on Friday, March 8, 2024, receding from record highs even as signs of a cooling job market buoyed rate cut expectations. Costco shares moved lower after the retailer missed sales estimates and opted against raising membership fees.Shares of Carnival Corp. moved higher after analysts said the cruise operator could be poised to raise its guidance. Major U.S. equities indexes moved lower on the week's final trading day. The February jobs report showed an uptick in unemploymen ...

After Costco (COST) reported better-than-expected earnings but its revenue growth came in lower than anticipated for the second quarter of fiscal 2024, shares fell more than 6% in early trading Friday. The call was Richard Galanti's final as Chief Financial Officer (CFO), with ex-Kroger (KR) CFO Gary Millerchip set to assume the role after Galanti's near 40-year run at the position ends later this month. The shift has led to speculation on how Costco could change with a new CFO, including whether the compa ...

Costco hopes to strike gold again — this time with silver.The big box retailer — which said it sold more than $100 million worth of gold bars in its most recent quarter — said has begun selling 25-count tubes of an ounce of Canada Maple Leaf Silver Coins for $675 apiece on its web site.The front of the coin shows an image depicting a maple leaf while the back displays a likeness of King Charles III.Costco members are permitted to purchase a maximum of five. All purchases are non-refundable.The price works o ...

Shares of membership-based warehouse chain Costco Wholesale (COST -6.50%) took a step back on Friday after the company reported financial results for its fiscal second quarter of 2024. Sales came in a little lighter than analysts expected. And this is a primary reason that Costco stock was down 5% as of 10 a.m. ET.Costco's membership numbers are strongAmong publicly traded companies, Costco has one of the oddest fiscal calendars with its fiscal Q2 ending on Feb. 18. During the 12 weeks leading up to Feb. 18 ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Stock futures dipped ahead of a closely watched jobs report that is expected to show a significant cooling of the labor market in February. Economists forecast the U.S. added 198,000 jobs last month, a big drop from 353,000 the month before. But economists weren't expecting job growth to be nearly that robust in January and the labor market has been defying expectations for years. Costco (COST) fell in premarket trading after it reported slower sales growth than analysts had been expecting in its 2024 fisc ...

Costco Wholesale Corporation (COST) came up with second-quarter fiscal 2024 results, wherein the top line missed the Zacks Consensus Estimate but increased year over year. Conversely, the bottom line not only beat the consensus mark but also improved from the year-ago period. Comparable sales also displayed a decent improvement, with the growth rate accelerating on a sequential basis. Costco's e-commerce sales also showcased a sharp rise.Q2 Earnings & Sales PictureCostco's second-quarter adjusted earnings p ...

Costco Wholesale Corporation (NASDAQ:COST) Q2 2024 Earnings Conference March 7, 2024 5:00 PM ET Company Participants Richard Galanti - CFO Conference Call Participants Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Michael Lasser - UBS Peter Benedict - Baird Rupesh Parikh - Oppenheimer Scott Mushkin - R5 Capital Gregory Melich - Evercore ISI Kelly Bania - BMO Capital Markets Katy Hallberg - TD Cowen Scott Ciccarelli - Truist John Heinbockel - Guggenheim Securities Chris Horvers - JPMorgan Robert ...

Costco (COST) reported $58.44 billion in revenue for the quarter ended February 2024, representing a year-over-year increase of 5.8%. EPS of $3.71 for the same period compares to $3.30 a year ago.The reported revenue represents a surprise of -1.28% over the Zacks Consensus Estimate of $59.2 billion. With the consensus EPS estimate being $3.60, the EPS surprise was +3.06%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Costco (COST) came out with quarterly earnings of $3.71 per share, beating the Zacks Consensus Estimate of $3.60 per share. This compares to earnings of $3.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.06%. A quarter ago, it was expected that this warehouse club operator would post earnings of $3.45 per share when it actually produced earnings of $3.48, delivering a surprise of 0.87%.Over the last four quarters, the com ...