Costco Wholesale Corporation (NASDAQ:COST) is included among the 15 Dividend Stocks with Low Payout Ratios and Strong Upside. Costco’s (COST) Global Growth Story Gains Momentum, Says Northcoast Niloo / Shutterstock.com On December 24, Northcoast upgraded Costco Wholesale Corporation (NASDAQ:COST) to Buy from Neutral and set a $1,100 price target. Analyst Chuck Cerankosky pointed to Costco’s strong competitive position in the US, along with clear room to expand overseas. He said the company’s internation ...

Key Takeaways Costco benefits from recurring membership fees, strong renewals and efficient inventory turnover.Digital comps at Costco rose more than 20%, supported by higher traffic and app engagement.Target is investing $5B in FY26 to upgrade stores, fulfillment and larger-format locations.Target Corporation (TGT) and Costco Wholesale Corporation (COST) are two of the most prominent names in the U.S. discount retail space, serving value-conscious consumers. Target, with a market capitalization of around $ ...

2021年7月6日晚，年满63岁的前永辉超市董秘张经仪，在正式告别前东家之后，不舍地发了一条朋友圈动态，在告别工作了12年的永辉超市的同时，并感叹了一句"我 们正在下山"。 刚发完没过几秒钟，这条朋友圈的截图，就很快出现在多个零售从业者社群中，并引发了大家的疯传。 回头再看，这句话不仅道出了永辉超市这几年艰难转型的无奈，更是点出了中国商超企业在经历过，与沃尔玛、家乐福、麦德龙、万客隆、欧尚、特易购、 卜蜂莲花、伊藤洋华堂、乐天玛特、迪亚天天、永旺、新世界等一众外企超市的厮杀，从区域好不容易走向全国连锁的高光时刻，然后又遭遇电商、疫情等 多重因素冲击，被迫接连关店，进入到新一轮阵痛期之后的种种无助。 在张经仪离任永辉超市之后的这两年，中国的大部分超市企业仍然还处于水深火热之中。一方面尽管各大超市企业大胆尝试了不同的新业态，并积极调整了 门店的商品结构，但是门店的客流量依然没有好转；另一方面虽然所有超市企业都在积极打造自有品牌，试图改变公司的销售毛利，但是多番操作下来，目 前大部分超市企业的盈利面依然无法打开。 相比于其他国家的超市企业处境，当下的中国超市企业就像中国的男足一样，明明很拼很努力，但就是拿不到一个满 ...

Core Insights - Costco Wholesale Corp. has significantly improved its quality score, moving from 86.58 to 94.90, placing it in the top 10th percentile of stocks for fundamental strength [1][2]. Financial Performance - The retailer reported revenue of $67.31 billion, exceeding analyst estimates of $67.14 billion, and adjusted earnings per share reached $4.50, surpassing the projected $4.27 [3]. - There was an 8.2% year-over-year increase in net sales and a 6.4% rise in total comparable sales, indicating strong operational efficiency [3]. Cash Position - Costco ended the quarter with approximately $16.22 billion in cash, further validating its high operational efficiency score [3]. Legal and Trade Actions - The company has filed a lawsuit against the Donald Trump administration, challenging tariffs imposed under the International Emergency Economic Powers Act (IEEPA) as unlawful and seeking a full refund [4]. - To mitigate the impact of tariffs, Costco is increasing production of its Kirkland Signature brand, demonstrating its commitment to maintaining operational excellence despite trade uncertainties [5]. Stock Performance - Costco shares have underperformed in 2025, falling by 6.05% year-to-date, while the Nasdaq Composite Index rose by 22.20% during the same period [6]. - The stock has decreased by 14.68% over the last six months and 3.54% over the last month, closing at $854.79 on Tuesday [6].

Key Takeaways COST posted Q1 EPS of $4.34, beating estimates and rising from $3.82 a year ago.Q1 revenues rose 8.3% to $67.31B, driven by traffic gains and 20.5% e-commerce sales growth.Membership fees climbed 14% as COST hit 81.4M paid households and 92.2% U.S. renewal rate.Costco Wholesale Corporation (COST) reported first-quarter fiscal 2026 results, wherein the top line fell short of the Zacks Consensus Estimate, while the bottom line beat the same. Nonetheless, both revenues and earnings improved year ...

智通财经APP获悉，近日，Costco(COST.US)召开FY26Q1财报电话会。公司表示，该季度网站流量增长 24%，应用程序流量增长超过 40%。对数字互动的增长势头感到满意。预期随着更多会员进行数字互 动，线上数字化销售长期将继续以快于整体平均销售的速度增长。 Costco表示，零售媒体是一个重要机会，正在构建数据和技术平台以实现大规模个性化，首要目标是提 升会员体验和参与度。公司已在第三方网站、数字电视和加油站泵等渠道尝试媒体活动，早期进展顺 利。公司重点始终是为会员创造更多价值，因此大部分收益将再投资于降低商品价格和提升会员价值。 公司高层指，该季度食品和杂货以及生鲜食品略有通胀，低到中个位数水平。与上个季度相比没有太大 变化，多个因素互相抵消，使得整体通胀水平与过去几个季度基本持平。 该季度公司新开7个门店，目前全球门店总数达923个。国内及国际市场仍存在巨大扩张机遇，正通过创 新方式进入新市场。未来几年有每年开设超过30个新店的计划，国内外市场均衡发展。 在会员方面，公司对结果总体满意，包括新会员、招募的年轻群体、行政会员升级速度均实现提升，总 会员数同比增长超5%。虽然同比增速较过去几年略有 ...

Costco第一财季营收增长8.2%至673.1亿美元，EPS为4.50美元，双双超出华尔街预期。净利润从去年同期的18亿美元增至20亿美元，增幅11.1%。电 商转型效果喜人，网站流量增24%，App流量激增48%。公司绩后股价小幅下跌0.68%。 得益于其线上销售的增长和新店的开设，美国中产的最爱的仓储式超市好市多（Costco）第一财季业绩超出华尔街预期。 周四美股盘后， Costco第一财季报告表现强劲，与去年同期相比，营收增长了8.2%。电商转型效果喜人，电商销售额暴增20.5%。 ：第一财季营收673.1亿美元，同比增长8.2%，每股收益4.50美元，均超华尔街预期；净利润20亿美元，同比增长11%。 电商转型提速 ：电商销售暴增20.5%，网站流量增24%，App流量激增48%；黑色星期五单日非食品订单突破2.5亿美元创纪录。 会员体系扩张 ：付费会员达8140万，同比增5.2%，会员费上调政策从9月生效开始贡献利润；美国和加拿大的续费率92.2%。 门店扩张计划 ：一季度新开8家仓储店，全球总数达921家；未来每年计划开设30家以上新店。 此外季度利润增长超过预期，这表明对价格敏感的美国消费者 ...

得益于其线上销售的增长和新店的开设，美国中产的最爱的仓储式超市好市多（Costco）第一财季业绩超出华尔街预期。 周四美股盘后，Costco第一财季报告表现强劲，与去年同期相比，营收增长了8.2%。电商转型效果喜人，电商销售额暴增20.5%。 此外季度利润增长超过预期，这表明对价格敏感的美国消费者仍在追求物美价廉的商品。财报具体表现来看： 公司绩后股价小幅下跌0.68%。今年迄今为止，截至周四收盘，该股累计下跌3.5%，而标普500指数同期上涨17%。 营收增长的背后逻辑 公司第一财季营收673.1亿美元，同比增长8.2%，这个数字超出了华尔街预期。 但需要注意的是，这一增长很大程度上依赖于门店扩张和会员费提价两大因素。 分析认为，全球可比销售增长6.4%，美国市场为5.9%，这个增速在通胀背景下并不算特别亮眼，更多反映的是消费者在寻求"性价比"而非消费能 力的真正提升。 CFO Gary Millerchip强调会员费上调（9月在美加地区生效）开始贡献收益。付费会员增至8140万，同比增5.2%，持卡人达1.459亿。 财务表现强劲：第一财季营收673.1亿美元，同比增长8.2%，每股收益4.50美元，均超 ...

Financial Data and Key Metrics Changes - Net income for Q1 2026 was $2.001 billion, or $4.50 per diluted share, up from $1.798 billion, or $4.04 per diluted share in Q1 2025, reflecting a growth of 11.3% [12] - Net sales increased by 8.2% to $65.98 billion from $60.99 billion in the same quarter last year [13] - Comparable sales grew by 6.4%, with digital sales showing a significant increase of 20.5% [13][24] - Membership fee income rose to $1.329 billion, a 14% increase year over year [14] Business Line Data and Key Metrics Changes - Fresh sales were up mid to high single digits, with double-digit growth in meat categories [20] - Non-foods had comparable sales in the mid-single digits, with strong performance in health and beauty, gold jewelry, and small appliances [21] - Pharmacy scripts filled grew in the mid-teens, contributing to improved margins [9][10] Market Data and Key Metrics Changes - Traffic increased by 3.1% worldwide, and average transaction size rose by 3.2% [13] - The U.S. and Canada renewal rate was 92.2%, with a slight decline in overall renewal rates due to an increase in online memberships [16][52] Company Strategy and Development Direction - The company plans to open 30-plus new warehouses annually in the future, with a total of 921 warehouses worldwide [4][5] - Digital initiatives focus on enhancing member experience and driving sales through technology, including AI integration in inventory management [9][10][45] - The company aims to maintain its reputation for low prices while investing in technology and member engagement [31][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in consistent sales growth and member engagement despite some monthly fluctuations [34][35] - The company is optimistic about future warehouse openings and market expansion, particularly in international markets [49][58] - Inflation trends are expected to remain stable, with mixed impacts across different product categories [26][64] Other Important Information - Capital expenditures for Q1 were approximately $1.53 billion, with an estimated total of $6.5 billion for the fiscal year [19][20] - The company reported record sales in its food court and e-commerce business during the holiday season [20][25] Q&A Session Summary Question: Has Costco embraced technology and different retail modes more under current management? - Management confirmed a focus on technology and operational efficiency, emphasizing that maintaining low prices remains a priority [30][31] Question: Are there concerns about traffic and the need to invest in pricing? - Management noted consistent member behavior and sales patterns, indicating no immediate concerns about traffic [32][35] Question: What is the outlook for warehouse openings and membership strategies? - Management indicated a balanced approach to openings, focusing on both established and new markets [39][40] Question: How is Costco leveraging digital engagement and logistics? - Management highlighted significant growth in digital traffic and ongoing enhancements to the digital experience for members [55] Question: What are the dynamics affecting SG&A leverage? - Management discussed headwinds from healthcare costs and investments in employee agreements impacting productivity [60][62] Question: How is inflation impacting sales and pricing strategies? - Management confirmed mixed inflation impacts across categories, with a focus on maintaining value for members [64][65]

Core Insights - Costco's stock has struggled in 2025, but a positive quarterly result could lead to a turnaround [1] - The company is expected to report strong fiscal first-quarter earnings, driven by its membership model [1] Financial Performance - Q1 EPS is projected at $4.26, an 11.5% year-over-year increase, with total revenues anticipated at $67.3 billion, up 8.3% from the previous year [2] - Preliminary sales data indicates Q1 net sales of $65.98 billion, reflecting an 8.2% rise [2] Competitive Positioning - Costco's membership-based model and bulk sales strategy differentiate it from traditional competitors [3] - Comparable sales rose 6.4%, with U.S. gains of 5.9%, Canada at 6.5%, and Other International markets at 8.8% [3] E-commerce Growth - E-commerce sales are a key growth driver, with digitally enabled comparable sales surging over 20% in the quarter [4] - This follows a 15.6% growth in Q4 FY25, supported by investments in logistics and targeted online promotions [4] Membership Trends - Global membership renewal rates remain above 90%, with membership fee income expected to rise by 9% in FY26 [6] - Online sign-ups are attracting younger demographics, enhancing higher-margin revenue [6] Consumer Behavior - Consumer spending is shifting towards value and essentials, favoring Costco's bulk model [7] - There is a noted decline in non-essential spending, such as apparel, reflecting broader economic caution [8] Market Outlook - Costco's premium positioning and high renewal rates suggest potential outperformance during the holiday season [8] - The stock has a Zacks Rank 3 (Hold), indicating steady expectations despite stretched valuations [10] - Investors are keenly awaiting results for signs of sustained momentum and growth strategies [11]