Core Insights - The performance of Costco's international operations is crucial for understanding its financial resilience and growth potential [1][2][3] Group 1: International Revenue Performance - For the quarter ending August 2025, Costco's total revenue reached $86.16 billion, marking an 8.1% year-over-year increase [4] - The "Other International" segment contributed 14% of total revenue, amounting to $12.03 billion, exceeding Wall Street's expectation of $11.82 billion by 1.73% [5] - Canada generated $11.9 billion in revenue, representing 13.8% of total revenue, slightly below the consensus estimate of $12.09 billion by 1.58% [6] Group 2: Future Revenue Projections - Analysts project Costco's revenues for the current fiscal quarter to be $66.98 billion, reflecting a 7.8% increase year-over-year, with contributions of 14.1% from Other International ($9.47 billion) and 13.5% from Canada ($9.06 billion) [7] - For the full year, total revenue is expected to reach $296.32 billion, up 7.7% from the previous year, with Other International and Canada projected to contribute 14.1% ($41.83 billion) and 13.6% ($40.33 billion) respectively [8] Group 3: Market Context and Trends - The reliance on international markets presents both opportunities and challenges for Costco, making it essential to monitor international revenue trends for future projections [9] - Wall Street analysts are closely observing these trends, especially in light of increasing global interconnections and geopolitical tensions, which can impact earnings predictions [10]

Economic Data Summary - Q2 GDP was revised up from +3.3% to +3.8%, marking the strongest quarter of growth since Q3 2023 [2] - Consumption increased significantly from +1.6% to +2.5%, indicating a stronger appetite among U.S. consumers [3] - The Price Index rose by 10 basis points, with headline inflation at +2.1% and core inflation at +2.6% [3] Job Market Insights - Initial Jobless Claims fell to 218K, down 17K from estimates and 64K lower than two weeks ago, reaching the lowest level since mid-summer [4] - Continuing Claims rose slightly to 1.926 million, remaining below 1.94 million for the third consecutive week [5] Manufacturing and Trade Data - August Durable Goods Orders increased by +2.9%, significantly better than the prior month's -2.7% and the consensus estimate of -0.5% [6] - The Advanced U.S. Trade Balance for August showed an improvement to -$85.5 billion from -$102.8 billion [7] - Advanced Retail Inventories remained unchanged, while Advanced Wholesale Inventories decreased to -0.2% [7] Market Expectations - Existing Home Sales for August are forecasted at 3.96 million, a decrease from July's 4.01 million [8] - Costco is expected to report fiscal Q4 results with a projected earnings growth of +12.8% year over year and +8.1% revenue growth [9]

Core Insights - The stock market is experiencing a dual trend of excitement around artificial intelligence (AI) and stock splits, with stock splits gaining significant attention [1][2] Stock Split Overview - A stock split allows a company to adjust its share price and outstanding share count without affecting its market capitalization or operational performance [2] - Reverse splits are generally viewed negatively by investors, often associated with struggling companies trying to avoid delisting [3] - Forward splits are favored by investors as they make shares more affordable, potentially leading to better operational performance [5] Historical Performance - Companies that have executed forward splits since 1980 have averaged a 25.4% return in the year following the announcement, significantly outperforming the S&P 500's 11.9% average return over the same period [6] Potential Candidates for Stock Splits - Costco and Netflix are being considered as potential candidates for stock splits in 2025, with Costco's share price nearing $1,000 and Netflix's around $1,300 [8][10] - Both companies have not conducted a stock split in many years, raising investor interest [9][10] Costco's Position - Costco's management does not currently see the necessity for a stock split, citing the prevalence of fractional-share purchases as a reason [12][14] - The company will continue to evaluate the situation but has no immediate plans for a split [13][15] Netflix's Position - Netflix is unlikely to announce a stock split due to the high percentage of shares held by institutional investors (80.2%), who do not require lower nominal prices [17][18] - Retail investor ownership at nearly 20% is not low enough to create urgency for a split, unlike other companies with even lower retail ownership [19]

Core Points - PriceSmart, Inc. will hold its conference call for the third quarter financial results on July 14, 2025, due to a scheduling conflict [1] - The financial results will be released on July 10, 2025, after market close [2] Company Overview - PriceSmart operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, with 55 clubs across 12 countries and one U.S. territory [3] - The company plans to open two new warehouse clubs, one in Quetzaltenango, Guatemala in August 2025 and another in La Romana, Dominican Republic in spring 2026, bringing the total to 57 clubs [3]