Costco’s stock slips as quarterly sales come up short and fee

Revenue rose 1% to $78.2 billion, same-store sales rose 5.4% and e-commerce sales were up 18.9% on a year-over-year basis. The company’s average transaction fell 0.9% worldwide and …

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Costco’s Stock Slips As Quarterly Sales Come Up Short And Fee

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Revenue rose 1% to $78.2 billion, same-store sales rose 5.4% and e-commerce sales were up 18.9% on a year-over-year basis. The company’s average transaction fell 0.9% worldwide and …

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Costco’s Sales Are Strong, But Valuation ‘leaves No Room For Error ...

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The analyst firm raised its price target on Costco’s stock to $909 from $873. Related: Costco’s stock slips as quarterly sales come up short and fee hike won’t immediately lift revenue

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Costco Earnings: Revenue Misses, Stock Slips - Yahoo Finance

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Sep 27, 2024 · Costco's same-store sales came in higher than expected at 6.9%, compared to estimates for a 6.4% increase, while e-commerce sales jumped 19.5%, slightly lower than the 19.63% growth Wall Street ...

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Costco Stock Closes For Worst Day In Nearly Two Years On …

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Mar 8, 2024 · By Ananya Mariam Rajesh. (Reuters) -Costco's shares closed down 7.6% on Friday for its worst day since May 2022 after the membership-only retail chain missed second-quarter …

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Costco's Earnings Top Estimates, But Sales Miss As Growth Slows

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Sep 26, 2024 · Costco's e-commerce sales came short of estimates despite rising 18.9% year-over-year, as the pace of growth slowed from over 20% in the prior quarter. Same-store sales …

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Costco Q3 Earnings Beat All Key Metrics After The Stock Closed At …

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May 31, 2024 · Costco stock slipped roughly 2% in premarket trading on Friday. As of Thursday, its shares were up 25% year to date, outpacing the S&P 500's ( ^GSPC ) 10% gain, and closed at a record high prior ...

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Costco Posts Quarterly Sales Near $60 Billion. It Wasn’t Enough To ...

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Mar 7, 2024 · Earnings Results. Costco posts quarterly sales near $60 billion. It wasn’t enough to boost the stock. Costco shares drop 4% after retailer reports a mixed quarter. By Claudia …

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Costco Wholesale Corporation (COST) Latest Stock News

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4 days ago · Costco in charts: Total company adjusted comparable sales rise by 6.9% in FQ4 SA News Thu, Sep. 26 Costco GAAP EPS of $5.29 beats by $0.23, revenue of $79.69B misses …

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Costco's Sales Are Strong, But Valuation 'leaves No Room For Error ...

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Sep 27, 2024 · The analyst firm raised its price target on Costco's stock (COST) to $909 from $873. Related: Costco's stock slips as quarterly sales come up short and fee hike won't …

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Costco Stock Up After Hours On Earnings, Same-Store Sales Beat

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Dec 9, 2021 · Costco Stock. Costco stock rose 1.4% to 531.49 after hours in the stock market today. Shares finished the regular session down 1%. The stock reached a high of 560.78 late …

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FAQs about Costco’s stock slips as quarterly sales come up short and fee Coupon?

How did Costco perform in the second quarter?

Costco COST, -0.27% earned $1.74 billion, or $3.92 a share, in the fiscal second quarter, compared with $1.47 billion, or $3.30 a share, in the year-ago period. Total sales rose 5% to $58.4 billion, from $55.3 billion a year ago. Same-store sales rose 5.6%, ahead of expectations of 5% growth. E-commerce sales rose slightly more than 18%. ...

Did Costco's quarterly sales rise?

People shop at a Miami Costco in December. The retailer’s quarterly sales rose, but not as much as Wall Street hoped. Costco Wholesale Corp.’s shares headed more than 4% lower in the extended session Thursday after the warehouse retailer reported a mixed quarter, with sales that came in below Wall Street’s estimates. ...

Why is Costco's stock up 58 percent?

The stock finished regular trading 0.8% lower. Still, Costco’s stock is up 58.5% over the past 12 months, as inflation-fatigued shoppers gravitate towards the chain’s discount and bulk offerings. Wall Street had also been waiting for the company to raise its membership fees, which it did earlier this month — the first such fee hike in seven years. ...

Should you Buy Costco stock?

Disappointment regarding Costco's top line may be overblown. Those who invest in Costco stock should know that 98% of its revenue comes from low-margin retail sales whereas the remaining 2% is from its membership fees. Missing expectations on retail sales isn't a big deal considering it's not too profitable anyways. ...

How did Costco perform in Q4?

Costco reported fiscal fourth-quarter net income of $2.35 billion, or $5.29 a share, compared with $2.16 billion, or $4.86 a share, in the same quarter last year. Revenue rose 1% to $78.2 billion, same-store sales rose 5.4% and e-commerce sales were up 18.9% on a year-over-year basis. ...

Why was Costco stock down 5%?

Shares of membership-based warehouse chain Costco Wholesale (COST 3.27%) took a step back on Friday after the company reported financial results for its fiscal second quarter of 2024. Sales came in a little lighter than analysts expected. And this is a primary reason that Costco stock was down 5% as of 10 a.m. ET. ...