Welcome to our dedicated page for Costco Whsl news (Ticker: COST), a resource for investors and traders seeking the latest updates and insights on Costco Whsl stock.
Costco Wholesale Corporation (COST) is a membership-based warehouse retailer in the All Other General Merchandise Stores industry. Its news flow is driven by regular sales updates, quarterly and annual operating results, governance developments, and capital allocation decisions. Investors and analysts follow Costco news to understand trends in warehouse performance, membership economics, and digitally-enabled sales across its U.S., Canadian, and international segments.
Costco issues frequent press releases detailing monthly net sales for specific retail months, comparable sales by geography, and growth in digitally-enabled or e-commerce activity. These updates often include separate metrics that exclude the impacts of changes in gasoline prices and foreign exchange, providing additional context beyond headline net sales figures. The company also publishes quarterly and full-year operating results, accompanied by consolidated financial statements and commentary on revenue, expenses, and cash flows.
Beyond sales and earnings, Costco news includes announcements about quarterly cash dividends on its common stock, board-level actions, and executive matters. Recent releases have covered dividend declarations, the nomination of new directors to the Board, and changes in senior executive roles. These items help market participants track Costco’s governance, leadership, and approach to shareholder returns.
This COST news page on Stock Titan aggregates these company-issued updates into a single feed, allowing readers to review monthly sales reports, fiscal quarter and year results, dividend announcements, and governance-related disclosures in one place. By monitoring this stream of information, users can see how Costco’s warehouse footprint, membership model, and digitally-enabled channels are reflected in its reported performance and corporate actions over time.
Costco Wholesale Corporation (Nasdaq: COST) reported its operating results for Q2 and the first 24 weeks of fiscal 2023, ending February 12, 2023. Net sales for Q2 rose by 6.5%, reaching $54.24 billion, compared to $50.94 billion last year. For the first 24 weeks, sales increased by 7.3% to $107.68 billion. Net income for Q2 was $1.466 billion ($3.30 per diluted share), up from $1.299 billion ($2.92 per diluted share) a year earlier. E-commerce sales declined significantly, with a 9.6% drop in Q2. Costco operates 848 warehouses globally and will discuss these results in a conference call today.
Costco Wholesale Corporation (COST) reported net sales of $16.84 billion for January 2023, reflecting a 6.9% increase from $15.76 billion last year. The Lunar New Year, occurring earlier this year on January 22, negatively impacted sales by approximately 2% in Other International segments. For the 22 weeks ended January 29, 2023, net sales reached $99.00 billion, up 7.5% from $92.10 billion in the same period last year. Comparable sales in the U.S. grew by 6.6% for the month and 7.8% for the 22 weeks. However, e-commerce sales declined by 15.4% for January and 6.4% for the 22-week period.
Costco Wholesale Corporation (COST) has reauthorized a common stock repurchase program of up to $4 billion, replacing the previous program set to expire in April 2023. To date, approximately $1.4 billion has been purchased under that program. Additionally, Costco declared a quarterly cash dividend of 90 cents per share, payable on February 17, 2023, to shareholders of record by February 3, 2023. The company's strong presence includes 847 warehouses globally, with 583 in the U.S. and Puerto Rico, and e-commerce operations in multiple countries.
Costco Wholesale Corporation (COST) reported net sales of $23.80 billion for December 2022, a 7.0% increase from last year. For the 18 weeks ending January 1, 2023, net sales reached $82.16 billion, up 7.6%. Comparable sales included 6.2% growth in the U.S. and 4.7% in Canada. However, e-commerce sales declined by 6.4% for the month and 4.8% year-to-date. Costco operates 847 warehouses across various countries. The company emphasizes that forward-looking statements involve risks and uncertainties.
Costco Wholesale Corporation reported a strong first-quarter performance for fiscal 2023, with net sales rising 8.1% to $53.44 billion compared to $49.42 billion last year. Net income increased to $1,364 million or $3.07 per diluted share, up from $1,324 million or $2.98 per diluted share. Comparable sales growth varied by region, with U.S. sales up 9.3%. However, e-commerce sales declined 3.7%.
The results were impacted by a $93 million charge due to downsizing shipping activities, partially offset by a $53 million tax benefit.
Costco Wholesale Corporation (COST) reported net sales of $19.17 billion for November 2022, up 5.7% from last year. For Q1 2022, net sales reached $53.44 billion, an increase of 8.1%. Total net sales for the thirteen weeks ending November 27, 2022, were $58.36 billion, up 7.9%. Notably, U.S. comparable sales rose by 6.0% over four weeks, while Canada saw a 1.0% growth. However, e-commerce sales declined by 10.1% in the last four weeks, reflecting challenges in that segment.
Costco Wholesale Corporation (COST) reported a net sales increase of 7.7% to $17.73 billion for October 2022, compared to $16.47 billion in October 2021. Year-to-date sales for the nine weeks ending October 30, 2022, rose 9.0% to $39.19 billion from $35.97 billion last year. Comparable sales for U.S. operations increased by 9.2% for four weeks and 10.3% for nine weeks. However, 'Other International' sales fell by 5.4% for four weeks and 3.5% for nine weeks. Overall, e-commerce sales experienced a slight decline of 0.7% in the same month.
Costco Wholesale Corporation (COST) has declared a quarterly cash dividend of 90 cents per share, payable on November 10, 2022, to shareholders of record as of October 28, 2022. The company operates 839 warehouses globally, with a significant presence in the U.S., Canada, and Mexico, among other countries. This dividend reflects Costco's financial stability and commitment to returning value to its shareholders.
Costco Wholesale Corporation (COST) reported net sales of $21.46 billion for September 2022, reflecting a 10.1% increase compared to $19.50 billion in the same period last year. U.S. sales rose 11.2%, while Canadian sales increased 5.7%, but International sales dropped 1.9%. Excluding gasoline prices and foreign exchange impacts, overall sales were 8.6% higher. E-commerce grew by 2.3%. Costco operates 839 warehouses globally, with plans for continued expansion.
Costco Wholesale Corporation (COST) reported strong operating results for the fourth quarter and fiscal year ending August 28, 2022. Net sales surged by 15.2% to $70.76 billion for the quarter and increased 16.0% to $222.73 billion for the year. Comparable sales rose significantly, with U.S. sales up 15.8% and Canada 13.4%. Net income for Q4 reached $1.868 billion ($4.20 per share), compared to $1.670 billion ($3.76 per share) last year. The full-year net income was $5.84 billion ($13.14 per share), reflecting a 16.6% increase over the previous year.
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