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Costco Wholesale Corp (COST.OQ)

COST.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Costco Wholesale Corp Reports Net Sales Of $11.67 Billion For May
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Costco Wholesale Corp ::COSTCO WHOLESALE CORPORATION REPORTS MAY SALES RESULTS.COSTCO WHOLESALE CORP - REPORTED NET SALES OF $11.67 BILLION FOR RETAIL MONTH OF MAY,.COSTCO WHOLESALE CORP - FOR THIRTY-NINE WEEKS ENDED JUNE 2, NET SALES OF $111.56 BILLION, UP 8.0 PERCENT.COSTCO WHOLESALE CORP - TOTAL COMPANY COMPARABLE SALES FOR MAY 4.2%.COSTCO WHOLESALE CORP - TOTAL COMPANY COMPARABLE SALES FOR 39 WEEKS ENDED JUNE 2, 2019, OF 6.3%.  Full Article

Costco CFO On Tariffs Says Co Worked With Suppliers To Both Reduce Cost And Figure Out How To Do That
Thursday, 30 May 2019 

May 30 (Reuters) - Costco Wholesale Corp ::COSTCO CFO - MEMBERSHIP RENEWAL RATES REMAIN STRONG.; IN U.S. AND CANADA, RENEWAL RATES CAME IN AT 90.7%, SAME AS A QUARTER AGO - CONF CALL.COSTCO CFO - REPORTED GROSS MARGIN IN THE Q3 WAS LOWER YEAR-OVER-YEAR BY 6 BASIS POINTS COMING IN AT 10.99% VERSUS LAST YEAR'S 11.05%.COSTCO CFO - NUMBER OF MEMBERS AT Q3 END WAS 53.1 MILLION, UP FROM 52.7 MILLION 12 WEEKS EARLIER.COSTCO CFO - RECORDED ABOUT $2 MILLION OF PREOPENING EXPENSE RELATED TO CHICKEN PLANT THAT CO PLANS TO START LATER THIS SUMMER.COSTCO CFO - WAGE INCREASES NEGATIVELY IMPACTED SG&A DURING THE QUARTER, REPRESENTING ABOUT 10 TO 12 BASIS POINTS OF THE YEAR-OVER-YEAR VARIANCE.COSTCO CFO ON TARIFFS- "THERE CONTINUE TO BE A LOT OF MOVING PARTS, ALTHOUGH SOME OF THE MOVING PARTS ARE GETTING BIGGER".COSTCO CFO ON TARIFFS- CO WORKED WITH SUPPLIERS TO BOTH REDUCE COST AND FIGURE OUT HOW TO DO THAT.COSTCO CFO ON TARIFFS- LOOKING AT ALTERNATIVE COUNTRY SOURCING WHERE POSSIBLE AND FEASIBLE ALTHOUGH, THERE'S LIMITED AMOUNT OF THE ABILITY TO DO THAT.COSTCO CFO- SALES HIGHLIGHTS FOR Q3 INCLUDE DIAMOND REPURCHASES IN $400,000 RANGE AND BIG-TICKET ITEMS LIKE GOLF SIMULATORS THAT SOLD FOR $14,000 EACH.COSTCO CFO ON TARIFFS- IMPACT IS BEING PASSED ON AND IN SOME CASES CO IS ABLE TO WORK TO FIGURE OUT HOW TO MOVE MERCHANDISE.  Full Article

Costco Wholesale Corp Reports Q3 Earnings Per Share Of $2.05
Thursday, 30 May 2019 

May 30 (Reuters) - Costco Wholesale Corp ::REPORTS THIRD QUARTER AND YEAR-TO-DATE OPERATING RESULTS FOR FISCAL 2019.Q3 EARNINGS PER SHARE $2.05.Q3 EARNINGS PER SHARE ESTIMATE $1.82 -- REFINITIV IBES DATA.NET SALES FOR QUARTER INCREASED 7.4 PERCENT, TO $33.96 BILLION.QTRLY TOTAL COMPANY COMPARABLE SALES 5.5%.QTRLY TOTAL COMPANY ADJUSTED COMPARABLE SALES 5.6%.Q3 REVENUE VIEW $34.71 BILLION -- REFINITIV IBES DATA.  Full Article

Costco Wholesale Corp Says Total Company Comp Sales Grew 5.7% For 5 Weeks Ended April 7, 2019
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Costco Wholesale Corp ::COSTCO WHOLESALE CORPORATION REPORTS MARCH SALES RESULTS.COSTCO WHOLESALE - NET SALES OF $13.87 BILLION FOR RETAIL MONTH OF MARCH, 5 WEEKS ENDED APRIL 7, 2019, AN INCREASE OF 7.4 PERCENT FROM $12.92 BILLION LAST YEAR.COSTCO WHOLESALE CORP - TOTAL COMPANY COMP SALES GREW 5.7% FOR 5 WEEKS ENDED APRIL 7, 2019.  Full Article

Costco Teamsters In California, East Region Ratify Contracts
Tuesday, 2 Apr 2019 

April 2 (Reuters) - International Brotherhood of Teamsters::COSTCO TEAMSTERS IN CALIFORNIA, EAST REGION RATIFY CONTRACTS.INTERNATIONAL BROTHERHOOD OF TEAMSTERS - CONTRACT WILL RUN RETROACTIVELY FROM FEBRUARY 1, 2019 THROUGH JANUARY 31, 2022..INTERNATIONAL BROTHERHOOD OF TEAMSTERS - COSTCO TEAMSTERS COVERED BY 2 SEPARATE CONTRACTS FOR CALIFORNIA & EAST REGION HAVE VOTED TO RATIFY 2 AGREEMENTS.INTERNATIONAL BROTHERHOOD OF TEAMSTERS - CALIFORNIA, EAST REGION CONTRACTS COVER MORE THAN 17,000 WORKERS.  Full Article

Costco Wholesale Corp Reports Q2 Earnings Per Share of $2.01
Thursday, 7 Mar 2019 

March 7 (Reuters) - Costco Wholesale Corp ::REPORTS SECOND QUARTER AND YEAR-TO-DATE OPERATING RESULTS FOR FISCAL 2019 AND FEBRUARY SALES RESULTS.Q2 EARNINGS PER SHARE $2.01.Q2 EARNINGS PER SHARE ESTIMATE $1.69 -- REFINITIV IBES DATA.COSTCO WHOLESALE - QUARTERLY COMPARABLE SALES EXCLUDING GAS PRICES, FOREX IMPACT GREW 6.7 PERCENT.NET SALES FOR QUARTER INCREASED 7.3 PERCENT, TO $34.63 BILLION FROM $32.28 BILLION LAST YEAR.COMPARABLE SALES FOR Q2 UP 5.4%.COSTCO WHOLESALE - FEBRUARY'S SALES WERE NEGATIVELY IMPACTED ABOUT 1% BY WEATHER THROUGHOUT U.S. & CANADA..Q2 REVENUE VIEW $35.67 BILLION -- REFINITIV IBES DATA.  Full Article

Costco Says Lunar New Year/Chinese New Year Holiday Shift Will Adversely Impact Feb. Sales
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Costco Wholesale Corp ::COSTCO WHOLESALE CORPORATION REPORTS JANUARY SALES RESULTS.COSTCO WHOLESALE CORP - REPORTED NET SALES OF $10.71 BILLION FOR RETAIL MONTH OF JANUARY, UP 8.0 PERCENT FROM $9.92 BILLION LAST YEAR.COSTCO WHOLESALE CORP - LUNAR NEW YEAR/CHINESE NEW YEAR HOLIDAY SHIFT FAVORABLY IMPACTED JANUARY'S OTHER INTERNATIONAL SALES BY ABOUT 4.5%.COSTCO WHOLESALE CORP - LUNAR NEW YEAR/CHINESE NEW YEAR HOLIDAY SHIFT WILL ADVERSELY IMPACT FEBRUARY SALES.COSTCO WHOLESALE CORP - TOTAL COMPANY JANUARY COMPARABLE SALES 5.2%.  Full Article

Costco Wholesale Sets Quarterly Cash Dividend Of $0.57 Per Share
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Costco Wholesale Corp ::SETS QUARTERLY CASH DIVIDEND OF $0.57PER SHARE.  Full Article

Costco Wholesale Corp Reports December Sales Results
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Costco Wholesale Corp ::COSTCO WHOLESALE CORPORATION REPORTS DECEMBER SALES RESULTS.COSTCO WHOLESALE - REPORTED NET SALES OF $15.42 BILLION FOR RETAIL MONTH OF DECEMBER, FIVE WEEKS ENDED JANUARY 6, 2019, AN INCREASE OF 7.8 PERCENT FROM $14.30 BILLION LAST YEAR..COSTCO WHOLESALE CORP - DECEMBER TOTAL COMPANY COMPARABLE SALES OF 6.1%.COSTCO WHOLESALE CORP - FOR 18 WEEKS ENDED JANUARY 6, 2019, REPORTED NET SALES OF $52.99 BILLION, AN INCREASE OF 9.5 PERCENT.  Full Article

Costco - Reported Gross Margin Lower Year-Over-Year By 50 Basis Points, Coming In At 10.75 Pct
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Costco Wholesale Corp ::CFO SAYS WEAKENING FOREIGN CURRENCIES RELATIVE TO THE U.S. DOLLAR NEGATIVELY IMPACTED SALES - CONF CALL.MEMBERSHIP ROSE 9.5 PERCENT OR $66 MILLION IN Q1 AT $758 MILLION COMPARED TO $692 MILLION LAST YEAR.WAGE INCREASE NEGATIVELY IMPACTED SG&A BY APPROXIMATELY 8 BASIS POINTS IN Q1 YEAR-OVER-YEAR.COSTCO - REPORTED GROSS MARGIN LOWER YEAR-OVER-YEAR BY 50 BASIS POINTS, COMING IN AT 10.75 PERCENT COMPARED TO 11.25 PERCENT A YEAR EARLIER.  Full Article

UPDATE 3-U.S. House passes bill to raise federal minimum wage to $15 an hour

WASHINGTON, July 18 The U.S. House of Representatives on Thursday passed legislation to raise the federal minimum wage to $15 an hour by October 2025, a big win for workers and labor groups, even as it remained unlikely the bill would pass a Republican-controlled Senate.