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 ...

As retailers compete for consumers’ omnichannel loyalty, Costco is driving digital growth with a somewhat unconventional approach — selling precious metals.The membership warehouse club chain shared in its second quarter fiscal 2024 financial results Thursday (March 7) that digital sales were up 18.4% in the quarter, and much of that growth comes from its sales of precious metals.“eComm showed strength in several areas led by sales of gold and very recently silver as well,” Costco CFO Richard Galanti told a ...

Key TakeawaysCostco reported better-than-expected earnings for the second quarter of fiscal 2024, but revenue growth was lower than analysts had anticipated.Net income came in at $1.74 billion, or $3.92 per diluted share, compared to the $1.62 billion or $3.62 per share that analysts estimated. The bottom line included a tax benefit equal to $0.21 per share.Net sales for the period rose 5.7% to $57.33 billion, below the consensus view of $57.92 billion.Costco shares fell more than 4% in after-hours trading. ...

Costco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains.Shares of the retailer fell about 4% in aftermarket trading. The retailer's stock had hit a 52-week high earlier in the day.The company offered few details on its quarterly performance in a news release, but will hold an investor call at 5 p.m. ET.Here's what the retailer reported for its fiscal second quarter of 2024 compared with what Wall Street w ...

Key PointsWith international growth leading the business, Walmart provides some diversification, including Sam's Membership Clubs.BJ's Wholesale Club is a deep value in the membership club industry and it is widening margin. PriceSmart is a pure play on clubs and emerging markets in Latin America; it raised its dividend by 26%, and another large increase is expected this year. 5 stocks we like better than Costco WholesaleMembership clubs have been leading the retail sector in growth, but there is a shadow o ...

With several of its Zacks Retail-Discount Industry peers already posting strong quarterly results this week, Costco’s (COST)  stock is moving higher ahead of its fiscal second quarter report on Thursday, March 7.Notably, Ross Stores (ROST)  and Target (TGT)  were able to comfortably top earnings expectations on Wednesday with the ladder seeing its stock spike over +10% yesterday. Let’s see if it’s time to buy into Costco’s momentum with COST shares soaring +17% year to date as the large bulk retailer hopes ...

Have you been paying attention to shares of Costco (COST) ? Shares have been on the move with the stock up 6.9% over the past month. The stock hit a new 52-week high of $769.27 in the previous session. Costco has gained 15.1% since the start of the year compared to the 8.2% move for the Zacks Retail-Wholesale sector and the 12.4% return for the Zacks Retail - Discount Stores industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our ...

Investors are always looking for stocks that are poised to beat at earnings season and Costco Wholesale Corporation (COST) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Costco is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a prett ...