Costco Whsl Corp Stock Price, News & Analysis

Costco Wholesale Corporation (COST) reported robust financial results for August 2021. Net sales surged to $15.75 billion, up 16.2% from the previous year. In the fourth quarter, sales reached $61.4 billion, a 17.4% increase year-over-year. The fiscal year ended with total sales of $192.1 billion, reflecting a 17.7% growth compared to $163.2 billion in 2020. Comparable sales were strong across regions, with notable U.S. growth of 14.7% for the month and 14.8% for the year.

Costco Wholesale Corporation reported strong financial results for July 2021, achieving net sales of $15.21 billion, a 16.6% increase from the previous year. For the forty-eight weeks ended August 1, 2021, total net sales reached $176.30 billion, marking a 17.8% growth. Comparable sales in the U.S. rose by 13.1% for the month and 14.8% year-to-date. Notably, e-commerce sales increased by 48.9% for the year. Costco operates 813 warehouses globally, reflecting its robust retail performance.

On July 21, 2021, Uber and Costco launched a grocery delivery pilot across 25 Texas locations, allowing Costco members to receive deliveries via Uber and Uber Eats. The minimum order is $35, with free delivery for Uber Pass and Eats Pass holders. This initiative marks Uber's first collaboration with a food wholesaler in the U.S., expanding its grocery delivery footprint. Following a recent national partnership with Albertson's Co., Uber aims to meet consumer demand for quick deliveries. The pilot is currently available in Dallas, Austin, and Houston.

Costco Wholesale Corporation (Nasdaq: COST) announced a quarterly cash dividend of 79 cents per share, payable on August 13, 2021. The record date for shareholders is set for July 30, 2021. With 810 operating warehouses globally, Costco continues its growth trajectory, maintaining a strong presence across various countries, including the U.S., Canada, and Japan, alongside its expanding e-commerce sites.

Costco Wholesale Corporation (COST) reported net sales of $18.92 billion for June 2021, a 16.9% increase from the previous year. For the forty-four weeks ending July 4, 2021, net sales reached $161.09 billion, up 18.1% year-over-year. Comparable sales increased 14.1% for June, with e-commerce sales rising 20.8%. Sales were impacted by one less shopping day due to a calendar shift, reducing sales by approximately 1.5% to 2%. Costco operates 810 warehouses globally, including 559 in the U.S.

Costco Wholesale Corporation (COST) reported a significant boost in net sales for May 2021, reaching $15.59 billion, an increase of 24.2% from $12.55 billion in May 2020. Year-to-date sales for the first 39 weeks totaled $142.17 billion, up 18.3% from $120.19 billion the previous year. U.S. comparable sales climbed 21.9% for the month and 15.3% for the year-to-date. The calendar shift due to Memorial Day added an estimated 2-2.5% to sales. Costco operates 809 warehouses worldwide.

Costco Wholesale Corporation (COST) reported impressive financial results for Q3 of fiscal 2021, ending May 9, with net sales soaring by 21.7% to $44.38 billion compared to $36.45 billion last year. For the first 36 weeks, net sales increased 17.7% to $130.61 billion, up from $110.94 billion. Comparable sales growth for Q3 was strong across the board, with total company growth at 20.6% and e-commerce skyrocketing 41.2%. Net income for the quarter reached $1.22 billion ($2.75 per share), a significant rise from $838 million ($1.89 per share) last year.

Costco Wholesale Corporation reported impressive financial results for the retail month of April 2021. Net sales reached $15.21 billion, marking a 33.5% increase from $11.39 billion in April 2020. For the 35 weeks ended May 2, 2021, total net sales reached $126.58 billion, up 17.6% from last year's $107.64 billion. Comparable sales also showed significant growth, particularly in Canada with a 44.0% increase. This growth was aided by an additional shopping day due to the Easter calendar shift, positively impacting sales by approximately 2.5%.

Costco has declared a quarterly cash dividend, increasing it from 70 to 79 cents per share, totaling $3.16 annually. This dividend will be payable on May 14, 2021, to shareholders of record by the close of business on April 30, 2021. Currently, Costco operates 808 warehouses across various countries, including 559 in the United States and Puerto Rico. The company's ability to adapt to market conditions and maintain its extensive operations is critical for future growth.