Costco Stock News

The retail giant had another high-growth quarter.

Costco Wholesale Corporation (NASDAQ: COST ) shares rebounded by 1% on Monday after the company reported a fiscal second-quarter earnings beat late last week. Costco reported second-quarter adjusted EPS of $2.92 on revenue of $51.9 billion. Both numbers topped consensus analyst estimates of $2.76 and $51.5 billion. Revenue was up 15.9% from a year ago. Same-store sales (excluding gasoline) were up 11.1% from a year ago. February same-store sales were up just 10.6%, a slight slowdown from January and February levels. Online sales growth also continued to moderate, dropping to just 12.6% in the quarter compared to nearly 75% a year ago. Membership fee revenue was up 9.7% from a year ago. Related Link: ''Near-Term Pain For Long-Term Gain'': 4 Snowflake Analysts React To Mixed Earnings Report Bullish Membership Trends: Bank of America analyst Robert … Full story available on Benzinga.com

Monday''s top analyst upgrades and downgrades included Broadcom, Costco Wholesale, DraftKings, Exxon Mobil, Foot Locker, Marvell Technology, Nvidia, Payoneer Global, Philip Morris International, Pure Storage, Rivian Automotive, SoFi Technologies, Splunk and Tilray Brands.

Fortunately, the big box giant’s international exposure is mostly confined to Mexico, Canada, and Western Pacific allies.

“We’ve got to do what we can, right?”

The warehouse club has built an even stronger bond with its paid members.

One of the largest subscription-based retailers could be raising prices for its members soon. Here’s what Costco Wholesale Corp (NASDAQ: COST ) investors need to know. What Happened: Costco reported second-quarter net sales of $50.9 billion, up 16.1% year-over-year. Total revenue of $51.9 billion for the quarter included $967 million from membership fees and beat a Street consensus estimate of $51.4 billion. Along with the revenue, earnings per share and same store sales figures, Costco investors got another piece of news Thursday night. On the company’s earnings call , CFO Richard Galanti discussed the potential for raising membership fees. “I looked at the last three increases over the last 15 years and on average, they were done about every five, a little over every 5.5 years,” Galanti said. “And five years from the anniversary of the June of 2017 would be this June.” The answer was in … Full story available on Benzinga.com

Costco could be nearing its first membership fee increase since 2017.

These are the stocks posting the largest moves in midday trading.

These are the stocks posting the largest moves in midday trading.

Costco stock is falling on earnings, but support is nearby. Here''s how to trade it now.

Over the past 3 months, 11 analysts have published their opinion on Costco Wholesale (NASDAQ: COST ) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company''s business to predict how a stock will trade over the upcoming year. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 8 2 0 0 Last 30D 0 2 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 6 2 0 0 According to 11 analyst offering 12-month price targets in the last 3 months, Costco Wholesale has an average price target of $578.18 with a high … Full story available on Benzinga.com

The post Costco’s Results Were Strong: Here’s How to Play It appeared on BitcoinEthereumNews.com . Perhaps the most consistent of all U.S. retailers did it again. On Thursday evening, Costco (COST) released the firm’s fiscal second quarter financial results, and those results were strong. Again.…

Geopolitical tensions are taking precedence over just about everything else, and that means most days in recent weeks have not been good days for companies to report. A victim of this negative atmosphere is Costco Wholesale Corp (NASDAQ: COST ), which is the PreMarket Prep Stock of the Day. Costco''s Pre-Earnings Rally: Under normal circumstances, issues that have a strong long-term uptrend will rally into an upcoming earnings report. The reason: the company will continue to beat estimates and continue to move higher. Despite the rocky investing environment over the last week or so, Costco held true to form and had a nice rally. The issue bottomed on the same day as the S&P 500 index on Thursday, Feb. 24 at $482.98. The issue peaked on Thursday, March 3, the same day the index had its high for the rebound at $538.96 and … Full story available on Benzinga.com