A double-digit gain in nonfood sales at Costco Wholesale Corp. in August shows the company's merchandising efforts are working, positioning it favorably for the rest of the year, analysts said Friday.
Investors love Costco COST -0.45%decrease; red down pointing triangle so much they'll pay more for it than Nvidia NVDA 0.94%increase; green up pointing triangle. But even famed investor Charlie Munger might balk at his favorite retailer's earnings multiple today.
The average selling price per gallon was about 11% lower worldwide, weighing on same-store sales growth in August.
The bulk retailer's same-store sales were up 5% in August and 5.4% in its most recent quarter.
Costco (NASDAQ: COST) is scheduled to report its fiscal fourth-quarter results on Thursday, September 5 (Costco's fiscal year ends in August). We expect Costco stock to likely see little to no movement with revenues and earnings matching expectations in its fiscal fourth quarter.
24/7 Wall St. Insights For the first time in seven years, Costco Wholesale Corp.
Realty Income keeps growing and continues to boost its distributions on a quarterly basis. Costco's yield isn't very attractive, but its all-weather appeal with consistent top-line growth is remarkable in retail.
Costco (COST) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
There are few better ways to make money on Wall Street than buying dividend stocks.
Costco membership fees have increased to $65 a year for its Gold Star plan and $130 for its Executive plan
Costco is about to hit $1,000 a share, meaning it is poised to split its stock. The business is thriving but trades at an expensive valuation.
Meta, Costco and Eli Lilly along with two others are trading near buy points coming out of a week marked by Nvidia earnings.