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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Costco Wholesale's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Costco Wholesale's position in the market.

News
Costco Wholesale Corporation Reports April Sales Results
Rhea-AI Summary

Costco Wholesale reported net sales of $19.80 billion for April 2024, showing a 7.1% increase from the previous year. The total net sales for the year were $166.44 billion, up by 7.0% from last year. E-commerce sales also saw a significant increase. However, the shift in the timing of Easter negatively impacted total and comparable sales by over 0.5%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Costco Wholesale Corporation Reports March Sales Results and Announces an Increase in Its Quarterly Cash Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
dividends
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News
Costco Wholesale Corporation Reports Second Quarter and Year-to-Date Operating Results for Fiscal 2024 and February Sales Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.64%
Tags
earnings
News
Costco Wholesale Corporation Reports January Sales Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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News
Costco Wholesale Corporation Announces Richard Galanti Will Step Down as CFO, Names Gary Millerchip New CFO
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
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Costco Wholesale Corporation Announces Quarterly Cash Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
dividends
News
Costco Wholesale Corporation Reports December Sales Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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News
Costco Wholesale Corporation Reports First Quarter Fiscal Year 2024 Operating Results And Announces A Special Cash Dividend Of $15 Per Share
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.45%
Tags
dividends earnings
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News
Costco Wholesale Corporation Reports November Sales Results and the Passing of Long-Time Board Member, Charles Munger
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
management
News
Costco Wholesale Corporation Reports October Sales Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
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Stock COST logo
Costco Wholesale Corp

Nasdaq:COST

COST Rankings

#23 Ranked by Market Cap
#1372 Ranked by Stock Gains
#1966 Ranked by Dividends

COST Stock Data

338.58B
442.15M
0.19%
72.24%
1.43%
All Other General Merchandise Stores
Retail Trade
Link
United States of America
ISSAQUAH

About COST

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.