Topics

Posted 9/26/2023, 8:41:53 PM

Costco Earnings Beat Estimates as Shoppers Withstand Inflation

Costco's Q4 earnings beat estimates as consumers continued shopping amid high inflation. Sales were steady despite gas price declines.
Same-store sales grew 1.1%, slightly below expectations. Excluding gas, sales rose 3.8%.
CFO said consumer spending has seen "not a heck of a lot of change" amid fuel inflation. Average ticket size dropped due to lower gas prices.
Membership fee revenue beat estimates. CFO reiterated fee hike is "a question of when, not if", but waiting for inflation to moderate.
Costco has 71M paid members, up 7.9% YoY. Analyst expects $5-$10 membership fee increase by end of 2023.

yahoo.com

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Costco Same-Store Sales Rise. U.S. Market Was the Weakest.

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Costco's Value Proposition Drives Sales Growth Amid Inflation Worries

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Costco Earnings: Investors Eye Potential Membership Fee Hike As Loyalty Remains Strong

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Costco Earnings Beat Expectations Despite Holding Off on Fee Hike

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Cramer Praises 'Beautiful Quarter' for Costco as Shares Rise on Earnings Beat

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Costco Earnings Beat Expectations But Wage Inflation Clouds Outlook

Costco's earnings beat expectations, but concerns remain about wage inflation and sales weakness, although the company is still performing well and is considered recession-proof.

10/4/2023

Costco Sales Jump in September with Boosts from Gas Prices and E-commerce

Costco Wholesale had a strong start to its first fiscal quarter, aided by lower gas prices.

10/9/2023

Costco's Winning Strategy of Value and Loyalty Drives Steady Growth, But High Valuation Raises Some Concerns

Costco Wholesale is a high-quality company with a high valuation, but its business model, strong performance, and potential for growth make it a compelling investment choice despite its high price.

Topics

Posted 9/26/2023, 8:41:53 PM

Costco Earnings Beat Estimates as Shoppers Withstand Inflation

Costco's Q4 earnings beat estimates as consumers continued shopping amid high inflation. Sales were steady despite gas price declines.
Same-store sales grew 1.1%, slightly below expectations. Excluding gas, sales rose 3.8%.
CFO said consumer spending has seen "not a heck of a lot of change" amid fuel inflation. Average ticket size dropped due to lower gas prices.
Membership fee revenue beat estimates. CFO reiterated fee hike is "a question of when, not if", but waiting for inflation to moderate.
Costco has 71M paid members, up 7.9% YoY. Analyst expects $5-$10 membership fee increase by end of 2023.

yahoo.com

Relevant topic timeline:

8/30/2023

Stocks making the biggest moves after hours: Salesforce, Okta, CrowdStrike, Five Below and more

8/30/2023

Costco Same-Store Sales Rise. U.S. Market Was the Weakest.

Costco's same-store sales increased due to strong performances outside of the US, with the US market being the weakest.

9/25/2023

Costco's Value Proposition Drives Sales Growth Amid Inflation Worries

9/26/2023

Costco Earnings: Investors Eye Potential Membership Fee Hike As Loyalty Remains Strong

Costco's next quarterly results may not impact its stock, but analysts believe that news of a possible membership fee increase could.

9/27/2023

Costco Earnings Beat Expectations Despite Holding Off on Fee Hike

Costco Wholesale's earnings report receives positive feedback from Wall Street analysts despite initial investor concerns about the lack of a membership fee increase.

9/27/2023

Cramer Praises 'Beautiful Quarter' for Costco as Shares Rise on Earnings Beat

Costco's business is strong with decreasing inflation and minimal inventory losses, leading to a rise in its stock's year-to-date gains and increased price targets from Wall Street firms.

9/27/2023

Costco Earnings Beat Expectations But Wage Inflation Clouds Outlook

Costco's earnings beat expectations, but concerns remain about wage inflation and sales weakness, although the company is still performing well and is considered recession-proof.

10/4/2023

Costco Sales Jump in September with Boosts from Gas Prices and E-commerce

Costco Wholesale had a strong start to its first fiscal quarter, aided by lower gas prices.

10/9/2023

Costco's Winning Strategy of Value and Loyalty Drives Steady Growth, But High Valuation Raises Some Concerns

Costco Wholesale is a high-quality company with a high valuation, but its business model, strong performance, and potential for growth make it a compelling investment choice despite its high price.