Peloton told investors Thursday it still has a "steep hill to climb" to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco. The bike maker posted mixed fiscal second quarter results, as it topped Wall Street's sales estimates but lost more than expected as it continued its efforts to make its costly hardware business more profitable.The bike maker also cut costs in three key areas that it has faced cri ...

Costco Wholesale (COST 2.06%) has emerged as one of the world's most successful retailers. Its strategy of selling high-quality bulk goods at competitive prices and razor-thin margins has built the company a loyal customer base.However, Costco's focus on offering the lowest possible prices does not necessarily apply to its stock. Thus, investors need to take a closer look at the company and its financials to know whether Costco will be an obvious buy in 2025.Costco's businessFew can argue with the success o ...

ISSAQUAH, Wash., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $19.51 billion for the retail month of January, the four weeks ended February 2, 2025, an increase of 9.2 percent from $17.87 billion last year. Net sales for the first 22 weeks were $113.55 billion, an increase of 8.2 percent from $104.94 billion last year. Comparable sales for the periods ended February 2, 2025, were as follows: 4 Weeks 22 WeeksU.S.9.2% 6. ...

Costco Wholesale Corporation (COST) just hit a fresh 52-week high, rewarding investors with impressive gains. But with the stock soaring, a key question arises — should you cash in now or stay invested? Costco’s strong fundamentals, including strong membership growth and pricing power, have fueled its rise, but is there still room to run? Let’s dive into the key factors driving this rally and whether it’s time to take profits.The stock reached a new 52-week peak of $1,009.61 yesterday, a significant milesto ...

Given its proximity to many consumers, you've most likely shopped at a Costco (COST 2.65%) or Home Depot (HD -0.78%) warehouse. With combined annual revenue in the hundreds of billions of dollars, these businesses are two gigantic retailers.Due to their dominant positions, Costco and Home Depot might be on your investing radar. Of the two, what is the top retail stock to buy right now?Taking Costco for grantedCostco continues to hum along, supporting a long-running track record of steady growth. Revenue and ...

Buying top dividend stocks and holding them long-term can be a great approach to building your investment portfolio. It boils down to holding shares of companies that have historically provided reliable dividends (as well as dividend growth) in all sorts of market environments. The challenge, of course, is finding the right companies to invest in.The search should begin with companies that have consistent track records of financial growth. It helps if they also have considerable economic moats that are prim ...

ToplineCostco and the International Brother of Teamsters union came to a tentative three-year contract agreement at the 11th hour, averting a strike that would have affected operations at more than 50 Costco stores starting today, according to the Associated Press.CHICAGO, ILLINOIS - JANUARY 31: Customers shop at a Costco Wholesale store on January 31, 2025 in ... [+] Chicago, Illinois. According to a company memo, the company plans to increase pay for most of its hourly workers to more than $30-per-hour. T ...

A strike that would have seen some 18,000 workers at Costco around the US walk off the job at midnight was averted on Saturday, with the Teamsters union reaching a tentative agreement just before the deadline.Full terms of the deal have not yet been disclosed publicly.Teamsters members employed by the retailer voted overwhelmingly to authorize a walkout last month while negotiations over a new contract stalled. Citing Costco’s surging profits, which hit $7.4bn last year, the union has called for significant ...

Costco and the Teamsters union have reached a tentative deal to avoid a strike.Costco Teamsters represents 18,000 workers nationwide who were ready to walk off the job.The deal will now be presented to the union's membership for a vote, a Teamsters spokesperson told BI.Costco and the Teamsters union have reached a tentative agreement to avoid a strike, the union told Business Insider. The union said the deal would now go to its membership for a vote and that further details would follow.Costco Teamsters rep ...

Some 18,000 Costco workers might walk off the job on Saturday when their contract expires.Ahead of the deadline, Costco announced pay raises for non-union employees.That move might have unintended consequences, a legal expert told BI.The clock is ticking for Costco to strike a deal with 18,000 unionized warehouse workers threatening to strike. The company has been negotiating with the union, Costco Teamsters, ahead of the expiration of their existing contract at the end of the day on January 31.Against that ...