Stocks to Watch: Costco, Bon-Ton, Dole
Costco shares are likely to be active on Tuesday as the membership warehouse club chain reports quarterly results.
By Sue Chang
SAN FRANCISCO (MarketWatch) — Costco Wholesale Corp. shares are likely to be active on Tuesday as the membership warehouse club chain reports quarterly results.
Costco is expected to report second-quarter earnings of $1.06 a share, according to a consensus survey by FactSet.
“COST was one of few retailers showing consistent traffic gains throughout 2012 despite a membership fee increase, and we anticipate continued strength in 2013 as the company continues to gain market share due to its value proposition and accelerated club growth,” David Strasser, an analyst at Janney Capital Markets, said in a recent note.
Bon-Ton Stores Inc. is projected to post fourth-quarter earnings of $3.54 a share. The department store operator’s stock is down about 2% for the year to date.
Dole Food Co. is forecast to report a loss of 2 cents a share in the fourth quarter. The fruit and vegetable producer plans to complete the sale of its packaged foods and Asia fresh produce units to Itochu Corp. for $1.69 billion by April 1.
Stage Stores Inc. is likely to post fourth-quarter earnings of $1.15 a share. The stock is up about 8% for the year.
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