- Costco Wholesale Corporation stock price today and history
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Costco Wholesale Corporation stock price, COST
Costco Wholesale Corporation stock chart:
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Costco Wholesale Corporation latest news:
Costco's earnings beat isn't enough to offset concerns about margins, membership and Amazon
Costco shares are down more than 6% amid concerns about the threat of Amazon and other issues. With shares of Costco Wholesale Corp. (COST) down nearly 6% in Friday trading after a fourth-quarter earnings beat, Susquehanna Financial Group analysts say now is a good time to snap up shares, but many others are concerned about the challenges the retailer faces. The membership-based warehouse retailer reported earnings per share of $2.08, up from $1.77 last year and ahead of the $2.03 per...
Costco's quarterly profit, sales beat estimates
(Reuters) - Wholesale club retailer Costco Wholesale Corp reported higher-than-expected quarterly profit and revenue on Thursday, as it hiked membership fees and sold more products in the United States.
Costco's quarterly comp sales beat estimates
- Warehouse club retailer Costco Wholesale Corp (COST) reported higher-than-expected quarterly comp sales on Thursday. Sales at established stores open at least a year rose 5.7 percent in the fourth quarter, excluding the impact of changes in gasoline prices and foreign exchange, the company said.
Costco shares slip even after earnings top Street view
Costco Wholesale Corp. shares declined in the extended session Thursday even after the wholesale club topped Wall Street estimates for the quarter. Costco shares slipped 1% to $165.49 after hours. The company reported fiscal fourth-quarter net income of $919 million, or $2.08 a share, compared to $779 million, or $1.77 a share, in the year-ago period. Revenue rose to $42.3 billion from $36.56 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.02 a share on revenue of $41.63 billion. The company reported a same-store sales rise of 5.7% for the quarter and 6.2% for September.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
American Express wins dismissal of lawsuit over lost Costco contract
NEW YORK (Reuters) - American Express Co has won the dismissal of a lawsuit accusing the credit card services company of defrauding shareholders about the loss in 2015 of a lucrative co-branding relationship with Costco Wholesale Corp .
Dow, S&P 500 end lower as grocers get whacked
U.S.stock-market indexes closed slightly lower Thursday, after spending most of the session without clear direction, as investors focused on a symposium of central bankers in Jackson Hole, Wyo. The S&P 500 closed 5.07 points, or 0.2%, lower at 2,438.97, with consumer-staples shares leading the decline. The sector fell 1.3%. Kroger Co. dropped 8%, while Costco Wholesale Corp declined 5%, after Amazon.com Inc. announced late afternoon that its merger with Whole Foods Market Inc. would be completed as early as Monday and that the organic supermarket chain would offer discounts on items, rattling rival grocers.
The Nasdaq Composite index closed 7.08 points, or 0.1% lower, at 6,271.33. The Dow Jones Industrial Average lost 28.69 points, or 0.1%, to 21,783.40. Among other individual performers on Wall Street, J.M. Smucker Co. shares tumbled 9.5% as the foods producer lowered its full-year outlook and its first-quarter earnings missed estimates. The Jackson Hole gathering will feature speeches from European Central Bank President Mario Draghi and Federal Reserve Chairwoman Janet Yellen. Separately, insurer shares took it on the chin as Tropical storm Harvey, headed toward the Gulf Coast, was upgraded to a hurricane, which could increase to a Category 3 storm. Travelers Cos. Inc. shares, a Dow component, was among the blue-chip's worst performers, off 1.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Stocks close lower as investor focus on Jackson Hole symposium
U.S. stock-market indexes closed slightly lower Thursday, after spending most of the session without clear direction, as investors focused on a symposium of central bankers in Jackson Hole, Wyo. The S&P 500 closed 5.07 points, or 0.2%, lower at 2,438.97 with consumer staples shares leading the losses. The sector fell 1.3%. Kroger Co. dropped 8%, while Costco Wholesale Corp declined 5%. The Nasdaq Composite index closed 7.08 points, or 0.1% lower, at 6,271.33. The Dow Jones Industrial Average lost 28.69 points, or 0.1%, to 21,783.40. Among the worst performers on Wall Street, J.M. Smucker Co. tumbled 9.5% as the foods producer lowered its full-year outlook and its first-quarter earnings missed estimates. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Grocery retail stocks battered after Amazon-Whole Foods announcement
Grocery retailer shares are all negative after Amazon.com Inc. and Whole Foods Market Inc. announced changes starting Monday, when Amazon's acquisition of the organic and natural grocer is slated to be complete. Kroger Co. shares are down nearly 4%, Sprouts Farmers Market's and Costco Wholesale Corp.'s stocks are down 3.1%, and Wal-Mart Stores Inc. is down 2%. Amazon and Whole Foods announced that, starting Monday, the prices on some items, such as organic avocados, organic salmon and baby lettuce will come down. The company will also begin integrating Amazon Prime into Whole Foods' system. The PowerShares Dynamic Food & Beverage Portfolio is down 4.2% for the year so far, while the S&P 500 index is up 9% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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