Costco Wholesale Corporation (COST) News

COST, new 52 week high

COST, 10Q due DEC 12 per Seeking Alpha

You got that right

About time for a split?

COST, new 52 week high

Costco Wholesale Corporation Reports September Sales Results

Source: GlobeNewswire Inc.

Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $24.62 billion for the retail month of September, the five weeks ended October 6, 2024, an increase of 9.0 percent from $22.59 billion last year.
Comparable sales were as follows:

5 Weeks

U.S. 6.5%
Canada 5.7%
Other International 8.5%

Total Company 6.7%

E-commerce 22.9%

Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

5 Weeks

U.S. 9.3%
Canada 6.3%
Other International 9.6%

Total Company 8.9%

E-commerce 22.9%

This year's total and comparable sales for the retail month of September benefitted by approximately two percent in the U.S. and one and one-half percent worldwide as a result of the increased sales in the final week of the month due to abnormal consumer activity associated with Hurricane Helene and port strikes.

Additional discussion of these results is available in a pre-recorded message. It can be accessed by visiting investor.costco.com (click on “Events & Presentations”). This message will be available through 4:00 p.m. (PT) on Wednesday, October 16, 2024.

Costco currently operates 891 warehouses, including 614 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia.

Certain statements contained in this document and the pre-recorded message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, inflation or deflation, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs and wages), workforce interruptions, energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to environmental and social matters, public-health related factors, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP.

CONTACTS: Costco Wholesale Corporation
David Sherwood, 425/313-8239
Josh Dahmen, 425/313-8254
Andrew Yoon, 425/313-6305

COST-Sales

We need a little help. Lesss goooo Costco

Cash year over year decreased almost 40% this why stock down

Costco Wholesale Corporation Reports Fourth Quarter and Fiscal Year 2024 Operating Results

Source: GlobeNewswire Inc.

Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the 16-week fourth quarter and the 52-week fiscal year ended September 1, 2024.
For the 16-week fourth quarter, the Company reported net sales of $78.2 billion, an increase of 1.0 percent compared to net sales of $77.4 billion in the 17-week fourth quarter of fiscal year 2023. For the 52-week fiscal year, the Company reported net sales of $249.6 billion, an increase of 5.0 percent from $237.7 billion reported in the 53-week fiscal year 2023.

The following comparable sales data reflect comparable locations year-over-year and comparable retail weeks.

Comparable sales were as follows:

16 Weeks 16 Weeks 52 Weeks 52 Weeks
Adjusted* Adjusted*
U.S. 5.3% 6.3% 4.5% 5.0%
Canada 5.5% 7.9% 7.0% 8.1%
Other International 5.7% 9.3% 8.1% 8.4%

Total Company 5.4% 6.9% 5.3% 5.9%

E-commerce 18.9% 19.5% 16.1% 16.2%
*Excluding the impacts from changes in gasoline prices and foreign exchange.

Net income for the 16-week fourth quarter was $2.354 billion, $5.29 per diluted share, compared to $2.160 billion, $4.86 per diluted share, in the 17-week fourth quarter last year. This year’s results included a net non-recurring tax benefit of $63 million, $0.14 per diluted share, related to a transfer pricing settlement, and true-ups of tax reserves.

Net income for the 52-week fiscal year was $7.367 billion, $16.56 per diluted share, compared to $6.292 billion, $14.16 per diluted share, in the 53-week prior year.

Costco currently operates 891 warehouses, including 614 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia.

A conference call to discuss these results is scheduled for 2:00 p.m. (PT) today, September 26, 2024, and will be available via a webcast on investor.costco.com (click “Events & Presentations”).

Certain statements contained in this document and the pre-recorded message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, inflation or deflation, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs and wages), energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to climate change, public-health related factors, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP.

CONTACTS: Costco Wholesale Corporation
David Sherwood, 425/313-8239
Josh Dahmen, 425/313-8254
Andrew Yoon, 425/313-6305

As you can tell, not many believed pepedaddy here or they could have been rich too

The milfs are busy getting the kids in school. They will be back shopping at Costco soon

We need more milfs shopping at Costco

You and I are getting rich while everyone else is giving their money to penny stock scams. They want to get rich like us overnight but it ain’t happening.

Let’s go fat milfs, go load your suv up with chit from Costco and boost our pps

Fat chicks makin us rich buying carts full of junk food at Costco

Fat chicks love Costco, I love fat chicks

Thanks to all of the milfs for shopping at Costco. You help us achieve our goals

Yep, I am up 67% over the past 12 months here, I think I will buy more for the long haul

I understand you there. I visit Wally World a lot too because it is a nice stock to own. I made a pile of money with progressive and had my insurance with them. Then the increased my premiums significantly with no at fault accidents and I had to change to Allstate. Now i own shares of both

Every time I visit any Costco , it seems packed with customers, I like to invest in companies I go and visit, touch and feel , not all brick and mortar , even technology type entities, I believe in visiting the companies even if I have a tiny stake , I have also visited startups , micro cap, mid cap , it gives me some real idea of the overall business, imo and my plan for Costco buy the dips , keep accumulating

We appreciate all of the Milfs shopping at Costco. Our pps is always going up

I make money here and blow it on booze and strippers.

Moving back up baby. Weeeee

We are taking a hit here man. Let’s go Costco

Now we are barely rich. Lol

My dad has entered hospice and we got into his trading account last week with his advisor after getting POT paperwork done.

He has $1.2 mill of Costco bought at IPO. Never touched it. That’s how it’s done.
Buy it and don’t touch it.

Weeeeeee. Let’s party, getting rich

Wow......I remember feeling at $500 bucks that COSTCO could be a buy.....
Am surprised that this is one of the few times I've checked in on it.....
What you've stated could indeed have SOME impact on price ...... & on the perception or reputation of it being such a terrific investment

We do not give a chit. We are rich from the stock

Costco might face lawsuit relating to gender discrimination.

Hey clowns @costco BOD let’s get a forward split done here!

Time for a 3 for 1 split.

There is nothing wrong with getting rich here

COST new 52 week high

COST new 52 week high

Can you hear me now? Bwahaaaa. Gettin rich is so fun

Any question boys? Getting rich here

Where did that $650 go? $750 is alive and well. Lol. Weeeeeeeee

EXPECTING $650 SOONER THAN $750

IMO

Herrrre I ammmm drunkkk again. Lol. Weeeee

Drinking vodka again today. lol

I returned the 2 cases of vodka I ordered and kicked the stripper out when I saw this tank.

The increase in the unemployment rate from the previous month, despite the positive NFP data, is bearish. This suggests a potential weakness or instability in the labor market despite the overall positive NFP data.

https://tradingeconomics.com/united-states/unemployment-rate

Down pre market. Let’s rebound COST

COST new 52/week hi

Costco may suffer lawsuits due to gender discrimination because they force "men" to push shopping carts by cleaning up the parking lot at night while "women" get to stay inside.

$800 - tomorrow.

Am I the only one getting rich here?

COST 10Q due March 7

We be rolling man! Any questions?