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Costco Wholesale Corp - COST STOCK NEWS

Welcome to our dedicated page for Costco Wholesale news (Ticker: COST), a resource for investors and traders seeking the latest updates and insights on Costco Wholesale stock.

Costco Wholesale Corporation (symbol: COST) is an American multinational corporation that operates a chain of membership-only big-box retail stores. Costco's business model focuses on offering a wide range of merchandise, including both branded and private-label products, in bulk quantities at discounted prices. This no-frills approach is supported by a streamlined inventory system where products are stored on pallets in their warehouses, minimizing distribution and display expenses.

With over 600 warehouses in the United States alone, Costco secures more than 60% of the market share in the domestic warehouse club industry. Internationally, the company operates an additional 270 warehouses in countries such as Canada, Mexico, Japan, the United Kingdom, and others, reflecting its extensive global reach.

Costco's membership model is key to its success, allowing the company to offer lower prices by generating consistent revenue from its annual membership fees. This structure helps in driving high sales volumes per warehouse and enables Costco to maintain strong profitability on thin margins.

Recent achievements include expanding its e-commerce platform, improving supply chain efficiency, and enhancing the overall customer experience. The company has also focused on sustainability initiatives, such as reducing its carbon footprint and investing in renewable energy projects.

Costco's financial condition remains robust, with steady revenue growth and a strong balance sheet. The company continuously explores opportunities for new partnerships and innovations in product offerings to further enhance its market position.

News

Costco Wholesale Corporation Reports March Sales Results and Announces an Increase in Its Quarterly Cash Dividend

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Costco Wholesale (COST) reports strong net sales growth for March 2024, with a notable increase in comparable sales across various segments. The company also raises its quarterly cash dividend, reflecting confidence in its financial performance.
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Costco Wholesale Corporation Reports Second Quarter and Year-to-Date Operating Results for Fiscal 2024 and February Sales Results

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Costco Wholesale Corporation (COST) reports a 5.7% increase in net sales for the second quarter and a 5.9% increase for the first 24 weeks of fiscal 2024. Net income for the quarter was $1.743 billion, with positive impacts from a tax benefit. Comparable sales data shows growth across various segments. E-commerce sales also saw significant increases. Costco operates 875 warehouses globally and continues to expand its presence.
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Costco Wholesale Corporation Reports January Sales Results

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Costco Wholesale Corporation reported net sales of $22.08 billion for the retail month of January, an increase of 4.5 percent from last year. For the 22 weeks ended February 4, 2024, the Company reported net sales of $104.94 billion, an increase of 6.0 percent from the same period last year. Comparable sales showed positive growth in the U.S., Canada, and Other International segments. E-commerce sales also demonstrated significant growth. However, the retail month of January had one less shopping day, impacting total and comparable sales negatively by approximately three to three and one-half percent.
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Costco Wholesale Corporation Announces Richard Galanti Will Step Down as CFO, Names Gary Millerchip New CFO

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Costco Wholesale Corporation announced that Richard Galanti is stepping down as CFO, effective March 15, 2024, and Gary Millerchip will take over. Gary brings extensive retail and finance experience from The Kroger Co. and banking. Costco currently operates 874 warehouses worldwide and also has e-commerce sites in several countries.
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Costco Wholesale Corporation Announces Quarterly Cash Dividend

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Costco Wholesale Corporation (Nasdaq: COST) declared a quarterly cash dividend of $1.02 per share for its common stock, payable on February 16, 2024, to shareholders of record on February 2, 2024. The company currently operates 872 warehouses worldwide and also has e-commerce sites in several countries.
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Costco Wholesale Corporation Reports December Sales Results

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Costco Wholesale Corporation (Nasdaq: COST) reported net sales of $26.15 billion for the retail month of December 2023, an increase of 9.9% from the previous year. For the seventeen weeks ended December 31, 2023, net sales were $82.86 billion, a 5.9% increase from the same period in 2022. Comparable sales for the period showed positive growth in the U.S., Canada, and other international markets, with e-commerce sales also experiencing significant increases. Costco currently operates 871 warehouses across multiple countries and also has a strong e-commerce presence.
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Costco Wholesale Corporation Reports First Quarter Fiscal Year 2024 Operating Results And Announces A Special Cash Dividend Of $15 Per Share

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Costco Wholesale Corporation (Nasdaq: COST) reported net sales of $56.72 billion for the first quarter of fiscal 2024, a 6.1% increase from the previous year. The company also declared a special cash dividend of $15 per share, totaling approximately $6.7 billion.
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Costco Wholesale Corporation Reports November Sales Results and the Passing of Long-Time Board Member, Charles Munger

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Costco Wholesale Corporation (COST) reported net sales of $20.14 billion for November 2023, a 5.1% increase from last year. For the twelve weeks ended November 26, 2023, net sales were $56.71 billion, up 6.1% from the previous year. Comparable sales increased by 3.5% for the total company and 9.9% for e-commerce. The company also acknowledged the passing of board member Charles Munger.
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Costco Wholesale Corporation Reports October Sales Results

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Costco Wholesale Corporation reported net sales of $18.53 billion for the retail month of October, an increase of 4.5% from last year. For the first eight weeks of the fiscal year, net sales were $36.57 billion, up 5.3% from the previous year. Comparable sales showed positive growth in all regions. Costco currently operates 862 warehouses worldwide and also operates e-commerce sites in multiple countries.
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Costco Wholesale Corporation Announces Craig Jelinek Will Step Down as CEO, Ron Vachris Elected as New CEO; And Quarterly Cash Dividend Declared

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Costco CEO Craig Jelinek to step down, Ron Vachris appointed as successor
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FAQ

What is the current stock price of Costco Wholesale (COST)?

The current stock price of Costco Wholesale (COST) is $964.01 as of November 22, 2024.

What is the market cap of Costco Wholesale (COST)?

The market cap of Costco Wholesale (COST) is approximately 426.7B.

What does Costco Wholesale Corporation do?

Costco operates membership-only warehouses offering a variety of merchandise in bulk, including both branded and private-label products, at discounted prices.

How does Costco's membership model work?

Customers pay an annual fee to become members, which allows them access to Costco's warehouses and the ability to purchase products at lower prices.

Where does Costco operate?

Costco operates over 600 warehouses in the United States and an additional 270 warehouses internationally in countries like Canada, Mexico, Japan, and the UK.

What is unique about Costco's retail approach?

Costco uses a no-frills retail model, keeping products on pallets and minimizing distribution costs, allowing them to offer lower prices and drive high sales volumes.

How financially strong is Costco?

Costco has a robust financial condition with steady revenue growth and a strong balance sheet, supported by its membership-based revenue model.

What recent achievements has Costco made?

Recent achievements include expanding its e-commerce platform, improving supply chain efficiency, and investing in sustainability initiatives like renewable energy projects.

Does Costco offer private-label products?

Yes, Costco offers a range of private-label products under its Kirkland Signature brand, which includes various categories from food to household items.

How does Costco maintain low prices?

Costco maintains low prices through its membership model, bulk purchasing, and efficient inventory management, minimizing costs and passing the savings to customers.

What sustainability efforts is Costco involved in?

Costco is involved in sustainability efforts such as reducing its carbon footprint and investing in renewable energy projects to ensure long-term environmental responsibility.

What is Costco's market share in the United States?

Costco holds more than 60% of the market share in the domestic warehouse club industry in the United States.

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Costco Wholesale Corp

Nasdaq:COST

COST Rankings

#21 Ranked by Market Cap
#2015 Ranked by Dividends

COST Stock Data

426.68B
442.05M
0.19%
71.32%
1.35%
Discount Stores
Retail-variety Stores
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United States of America
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