Costco Wholesale Corp (NASDAQ:COST) is set to report fiscal third-quarter earnings after the close on Wednesday, May 28.
The warehouse club walks into the print with the bulk of the quarter's narrative already written.
Costco Wholesale is set to report earnings after the closing bell Thursday, with traders anticipating a sizable move from the warehouse retailer's stock following the results.
Costco heads into May 28 Q3 earnings results with strong membership and digital gains, but a premium valuation suggests patience for new buyers.
Costco's AI-driven personalization and app upgrades lift e-commerce sales and traffic, pushing faster growth beyond the warehouses.
Business Insider has been tracking 45 key products at Costco to see the impact of higher energy costs. The US and Israel's war with Iran earlier this year sent the oil market reeling.
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Costco (COST) delivers steady growth in memberships, sales, and profits, but shares trade at a premium—currently around 53x next year's earnings. Membership strength remains a key driver: paid memberships up 4.8%, renewal rates above 89%, and executive members now drive nearly 75% of sales. Digital and international expansion are progressing, with ecommerce traffic up 32% and plans for 21 new warehouses, but these have yet to materially accelerate earnings growth.
Recently, Zacks.com users have been paying close attention to Costco (COST). This makes it worthwhile to examine what the stock has in store.
Costco (NASDAQ:COST | COST Price Prediction) just hit a fresh 52-week high after the warehouse giant raised its quarterly dividend 13% to $1.47 per share, marking 22 consecutive years of dividend hikes.