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 operates a global membership-based warehouse club business, with warehouses in the United States and Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia and other international markets, along with e-commerce sites in several countries. The company sells grocery and general merchandise categories and reports activity across U.S., Canada and other international operations.
Costco news commonly covers monthly net sales, comparable sales adjusted for gasoline and foreign exchange, digitally enabled sales, quarterly operating results, warehouse-count updates and dividend actions on its common stock. Company updates also include merchandising activity tied to products carried in Costco locations and governance or management developments disclosed through corporate releases.
Costco Wholesale Corporation (COST) reported its third-quarter results for fiscal 2020, revealing a 7.3% increase in net sales to $36.45 billion compared to $33.96 billion last year. For the first 36 weeks, net sales rose 7.8% to $110.94 billion. The company's third-quarter net income was $838 million, or $1.89 per share, impacted by $283 million in COVID-19 related costs. E-commerce surged with a 64.5% increase in the quarter. The company's warehouse count stands at 787 globally, with significant operations in the U.S. and Canada.
Costco Auto Program and Chevrolet announce a special promotion for Costco members, offering discounts on popular models: the Chevrolet Silverado, Tahoe, and Suburban. This promotion runs from May 1 to June 30, 2020. Members can access a $1,000 incentive in addition to Chevrolet's existing offers. The Silverado has consistently been a top choice among Costco members for nine consecutive years. With the ongoing demand for trucks and SUVs, this initiative aims to deliver significant savings, especially for large family needs.