Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
April Sales Results will be released May 3, 2023 01:15 PM PT
Costco Wholesale Corporation Reports March Sales Results
04/05/2023
Download(opens in new window)
ISSAQUAH, Wash., April 05, 2023 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $21.71 billion for the retail month of March, the five weeks ended April 2, 2023, an increase of 0.5 percent from $21.61 billion last year.
For the thirty-one weeks ended April 2, 2023, the Company reported net sales of $137.77 billion, an increase of 6.0 percent from $130.00 billion last year.
Comparable sales were as follows:
5 Weeks 31 Weeks
U.S. -1.5% 5.7%
Canada -2.4% 1.9%
Other International 2.0% 0.9%
Total Company -1.1% 4.5%
E-commerce -12.7% -7.8%
Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
5 Weeks 31 Weeks
U.S. 0.9% 5.2%
Canada 7.4% 8.5%
Other International 7.6% 9.1%
Total Company 2.6% 6.1%
E-commerce -11.6% -6.6%
Additional discussion of these results is available in a pre-recorded message. It can be accessed by dialing 1-866-672-0388 or by visiting investor.costco.com (click on “Events & Presentations”). This message will be available through 5:00 p.m. (PT) on Wednesday, April 12, 2023.
March sales numbers tonight if they follow the reporting pattern.
Dividend announcement next week.
3/28 Telsey Advisory Group analyst Joseph Feldman reiterates Costco Wholesale (NASDAQ:COST) with a Outperform and maintains $540 price target.
Northcoast Research analyst Chuck Cerankosky upgrades Costco Wholesale (NASDAQ:COST) from Neutral to Buy and announces $560 price target.
pre-market 3/7
3/6/2023 1355 ET - Costco should see higher FY24 earnings per share if it raises fees at the beginning of the 4Q of FY23, JPMorgan analysts say in a research note. The warehouse retailer could benefit from a 1% to 2% FY24 EPS lift if it raises fees by $5 and $10 for Goldstar and Executive members, respectively, analysts say. " Costco raising its membership fee is a constant focus for investors given it is potential 'pure flowthrough' and considering its overall thin margin structure," analysts note. JPMorgan raises its FY23 and FY24 EPS estimates to $14.48 and $15.39 , respectively, from $ 14.15 and $15.23 previously. Shares are up 2.3% at $486.46 . (sabela.ojea@wsj.com; @sabelaojeaguix)
So as the day closes they dump the 0day !
$COST: Looking at $500 0dte CALLS on earnings
TONITE !!!!!!!!!!!!
LETS GOOOOOOooooooooooooooooooooooo
GO $COST
Telsey Advisory Group Reiterates Outperform on Costco Wholesale, Maintains $580 Price Target
5:06 am ET February 27, 2023 (Benzinga)
previous close $488.61
$COST: Why do they need to do that ???
They are making mint off their Memberships.
The stock is doing better than all other Retailers out there.
There is a reason behind this.
For Habitual customers who do this........ COSTCO knows that they can be DeMarketed.
There is nothing else for COSTCO to do.
Their suppliers know this as well and many times, when a perishable product is returned
they toss it out anyways because its not ReSALEABLE.
The reason why COSTCO does so well is because they Take care of their Customers.
Other retailers DON'T Care about their customers like COSTCO does, thats why they
are losing business to COSTCO.
GO $COST
Costco needs to revamp their return policy. Lots of people figuring out their merchandise doesn't need to owned, you can rent it for 'Free" !
Implosion here won't be long..
Lets GO Costco !
This should be fun to see at 5pm
https://www.google.com/search?q=cost+earnings+date&rlz=1CAJCUZ_enCA978&oq=cost+&aqs=chrome.1.69i57j35i39j0i131i433i512l2j0i131i433i457i512j0i402j69i60j69i61.3367j0j7&sourceid=chrome&ie=UTF-8&stick=H4sIAAAAAAAAAONgVuLSz9U3MK_KsUxLecRoyi3w8sc9YSmdSWtOXmNU4-IKzsgvd80rySypFJLgYoOy-KR4uJC08exiEnTLzEvMS06FUJmJOcWLWIWS84tLFFITi_Iy89KLFVISS1IBYyL4U28AAAA&ictx=1&ved=2ahUKEwjjlcbT66j6AhWHhIkEHX2YDDsQgMAEKAB6BAgMEAI
yup this will be the straw that breaks the camels back
positioning accordingly..
this is going to get massacred AH
Time to sell calls and buy puts
$COST | QQQ: Comparing This Nasdaq Bear Market To The Dot-Com Bubble https://seekingalpha.com/article/4512123-qqq-comparing-this-nasdaq-bear-market-to-the-dot-com-bubble
Charlie Munger on Costco 2/16/22
PPS closed at 513.09 on 2/15
PPS closed at 416.43 on 5/20
The Shanghai store is my only worry before earnings
If BJ's can beat, then Costco can as well. Costco was already paying their employees well above the competition.
lets see who gonna win, me or the hedge shorting
costco sells tons of all their products that are made in CHINA. thats great costco, lets reward CHINA for killing 4 million people world wide by buying their crap. STOP SELLING CHINA SHIT JUST FOR PROFFIT. DONT YOU CARE ABOUT HUMAN BEINGS? once people start to get this costco deceit, they will leave your stores in droves. fuel prices wont matter.
costco sells tons of all their products that are made in CHINA. thats great costco, lets reward CHINA for killing 4 million people world wide by buying their crap. STOP SELLING CHINA SHIT JUST FOR PROFFIT. DONT YOU CARE ABOUT HUMAN BEINGS? once people start to get this costco deceit, they will leave your stores in droves. fuel prices wont matter.
Top Meme Stock Mentions Money to Move 11/11/2021
$COST: $22B
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
Top Meme Stock Mentions Money to Move 10/26/2021
$COST: $21B
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
Top Meme Stock Mentions Money to Move 10/21/2021
$COST: $21B
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
Top Meme Stock Mentions Money to Move 10/07/2021
$COST: $20B
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
Top Meme Stock Mentions Money to Move 10/05/2021
$COST: $19B
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
Top Meme Stock Mentions Money to Move 10/01/2021
$COST: $20B
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
Costco Reintroduces Buying Limits on Certain Items Amid Supply Chain Issues:
https://www.theepochtimes.com/supply-crunch-drives-costco-to-reintroduce-buying-limits-on-items-like-toilet-paper_4014319.html?utm_source=partner&utm_campaign=BonginoReport
12 Month Costco Chart:
Top Meme Stock Mentions Money to Move 09/14/2021
$COST: $21B
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
Top Meme Stock Mentions Money to Move 08/27/2021
$COST: $20B
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
Top Meme Stock Mentions Money to Move 07/14/2021
$COST: $18B
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
What types of phones do they sell at Costco?
Numbers today were great...looking for an all time high soon enough.JMO
still dont see this happening, at least sell all that stuff online!
Costco will benefit from inflation because they profit from new members joining the store.
Inflation causes prices to go up. Local stores will have a hard time competing with Costco as they offer discounted prices. This will cause new members to join increasing revenue and profit.
Costco will not be impacted by the raise in minimum wage because they already pay all of their employees above minimum wage. This is a primary factor that separates Costco above the competition.
Ivestopedia: Costco Earnings: What to Look For
Focus on COST comparable sales growth
By MATTHEW JOHNSTON - Updated Mar 3, 2021
https://www.investopedia.com/costco-q2-2021-earnings-5114831
COST Gonna play ER. In 322.50, this morning. Light bc ER's are dangerous.
MG
Followers
|
46
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
458
|
Created
|
08/12/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |