Costco announced that its Q2 2011 earnings was $348 million, or 79 cents per share, up 16% from $299 million, or 67 cents per share a year earlier. Net sales increased 11% to $20.88 billion on same-store sales increase of 7%. International same-store sales increased by 12% for the period.
Costco announced that its January 2011 same-store sales increased 9%, beating the 6% that analysts were expecting. US same-store sales increased 6%.
Costco announced that its December 2010 same-store sales increased 6%, just missing analysts' estimate of 6.2%. In the US, sales increased by 4%. Sales increased by 12% internationally.
Costco announced that its November 2010 same-store sales increased by 9%, beating analyst estimates of 6.2%. Same-store sales in the US increased 7% and increased 13% internationally. Total sales increased 12% to $6.87 billion.
Costco announced that its October 2010 comparable store sales increased by 6%, compared to the 4.6% that analysts were expecting. Sales in US stores increased by 4%, while increasing 14% internationally.
UBS downgraded COST from "Buy" to "Neutral".
COST announced that its Q4 2010 earnings were $432 million, or 97 cents per share, up 16% from $374 million, or 85 cents per share in the prior year period. Analysts were expecting 95 cents per share. Revenue rose 8% to $24.13 billion, but analysts were expecting $24.23 billion.
BMO Capital resources downgraded COST from market perform to underperform. Technical indicators for the stock are neutral and S&P gives COST a neutral 3 STARS (out of 5) hold ranking.
Citigroup lowered its price target on COST to $65, citing that the company could hit a wall in terms of margin expansion.
The 170,000 Motley Fool CAPS community gave COST a five-star rank level, after it had been previously at the four-star level.
An analyst at Goldman Sachs upgraded Costco from "Neutral" to "Buy" and increased its 12-month price target from $62 to $68. The upgrade was a result of higher sales and unit growth.
Northcoast Research upgraded Costco from "Neutral" to "Buy".
Costco announced that its August 2010 sales increased by 7% due to higher gas prices and higher international revenue. Analysts were expecting 4.2%. Sales in the US increased by 6%, while international sales increased by 11%.
Analysts at EVA Dimensions upgraded COST to Overweight from Hold. S&P gives the stock a neutral 3 Stars rating.
Costco announced that its July 2010 same-store sales increased by 6%, beating the 5.5% that analysts had expected. Sales rose 4% higher in the US and 14% internationally. Total sales for the period increased 8%.
Stifel Nicolaus upgraded Costco from Hold to Buy.
UBS analyst Neil Currie raised his rating on Costco to “Buy” from “Neutral” and increased his target price to $63 from $62. He writse that the stock’s decline of 9% since early April provides a good “entry point” to shares of “one of the world’s best business models.”
Costco announced that its June 2010 same-store sales increased 4%, with US stores up 2% and international stores up 14%. Total sales rose 7% to $7.33 billion. Analysts were expecting an incrase of 3.7%.
Costco reported that its May 2010 same-store sales increased by 9%, with a 7% incrase in the US and a 17% increase internatinonally. Net sales rose 11% for the peroid to $6.09 billion.
Costco announced that its Q3 2010 earnings were $306 million, or 68 cents per share, up 46% from $210 million, or 48 cents per share, a year ago. The company benefited from increased sales of non-essential items like home furnishings. Net sales increased 12%. Comparable store sales increased 10%, but excluding the positive effects from gas inflation, increased 4%.
Costco announced that its same store sales for April rose 11%. However, analysts were expecting an 11.2% increase in the metric. Net sales for the month increased to $5.83 billion from $5.18 billion in April 2009.
COST reported that its sales for stores open at least a year increased by 10% in March, compared to the previous year. Comparable store sales increased by 5% in the US and by 28% internationally. Analysts were expecting a 9.3% in same store sales.
Costco reported that its Q2 2010 earnings was $299 million, or $.67 per share, up 25% from earnings of $239 million a year ago. Comparable store sales during the quarter increased by 9%. In addition, the company reported that its February 2010 sales were up 11% to $5.61 billion and that comparable store sales were up 9% for the month.
Costco reported that its January 2010 sales were up 10% compared to sales in 2009. Sales were $5.62 billion compared to $5.09 billion in 2009. Comparable store sales increased 8% for the company overall, with a 4% increase in the United States and a 25% increase in international locations.
Costco reported that its Q1 2010 earnings was $266 milllion, or 60 cents/share. This was marginally better than the previous year's quarter where earnings was $263 million or 60 cents/share. Despite a 5.5% increase in net sales, profits were hampered by lowere gas and food prices. During the quarter, same-store sales also increased 3%.
COST announced that its Q4 earnings 6% from $398 million last year to $374 million. Net sales also fell by 3.3% due to a 6% decline in domestic comparable store sales. Despite the lower numbers, the company beat the Street's expectations
COST announced that its August 2009 comparable store sales fell 2% as compared to a year ago. However, analysts were predicting that the decrease would be 5.7%. The company's sales for the month were also flat.
COST reported that in June 2009, same store sales decreased by 6%. The company reports that it experienced weakness in nonfood, discretionary categories.
First quarter profits rose nearly 42% for Costco's competitor and investors saw this as a good sign for wholesale companies like Costco. The gain was supported by an increase in sales of staple foods like cereal, dairy items, and fresh meat.
For Q2 of FY2009, ended Feb. 15, 2009, COST reported net earnings of $239 million, down 27% from the previous-year quarter. Earnings were negatively impacted by costs from opening 18 new warehouses and unfavorable foreign exchange rates. For the same quarter, total sales revenue was down 0.7%, or $16.5 billion, while membership fee revenue totaled $355 million, a 3.5% year-on-year. Cash dividend to common stockholders held constant at $0.16/share.
Costco sales increased 13% during the quarter, driven by new store growth and a 9% increase in same store sales (6% without gasoline). This is particularly significant as Costco is weathering the economic downturn in the U.S. much better than most retailers, mainly because of its emphasis on low prices.
Costco releases a press release advising that analysts take a downward revision on FY 2008 Q4 earnings, citing higher than forecasted energy costs and lower than anticipated merchandise sales due to price readjustments.
As was the case in the first quarter of 2008, May net sales have increased as a result of increases in gas and foodstuff revenues by 9% from the same month last year. Also, same store sales have increased by 6.9% for the month of May.
Costco reported a 12% increase in quarterly revenue for the first quarter of fiscal 2008 compared with the same quarter of FY07. The company earned $262 million of net profit on $15.8 billion of sales.
Costco Wholesale Corp., reported net income of $372.4 million (83 cents per share) in the fourth quarter compared to $355.6 million (75 cents per share) last year. Revenue also increased from $19.88 billion last year to $20.48 billion. The results exceeded analyst estimates and the stock price increased in the early hours of trading.
Costco reported its same store sales for August, which were below the estimates of analysts. The company announced a two percent increase in its same store sales. However, analysts, such as Bank of America and Wachovia, expected sales growth in the range of 4-5.5 percent.
Costco reported a 6% same store sales rise in March which sent its stock on an upward trend from $54.16 USD to $55.60 USD on April 18th.
Costco announced a new return policy in its California clubs which caused stock price to drop from $57.40 USD to $55.40 USD.
Costco stock price dropped from $49.25 USD to $46.79 when Costco announced that they had lowered 4th Quarter and 2006 year expectations.
