Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Costco Wholesale Corporation    COST

COSTCO WHOLESALE CORPORATION (COST)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

COSTCO WHOLESALE : Costco profit drops 27 percent

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/04/2009 | 10:32am CEST
Shoppers walk out of Costco Warehouse in Arlington, Virginia

(Reuters) - Costco Wholesale Corp said on Wednesday its second-quarter profit fell 27 percent, as the No.1 U.S. warehouse club operator cut prices to win market share during the year-end holiday season.

Costco said profit was $239.7 million, or 55 cents per share, for its fiscal second quarter ended February 15, compared with $327.9 million, or 74 cents per share, a year earlier.

Analysts had on average expected earnings of 60 cents per share, according to Reuters Estimates.

Quarterly sales fell 1 percent to $16.49 billion, excluding membership fees, which increased about 4 percent to $355.6 million. Sales at clubs open at least a year, a key retail gauge known as same-store sales, fell 3 percent.

The retailer said same-store sales in February also fell 3 percent. Analysts were expecting February same-store sales to fall 2.7 percent.

"Our quarterly results were hurt by the continued weakness in non-foods sales and related margins. Margins in foods and non-foods were also negatively affected by increased pre-holiday seasonal markdowns and other selective price reductions to drive sales and increase market share," Chief Financial Officer Richard Galanti said in a statement.

Costco has said it would be aggressive in cutting prices or delaying price increases to retain its shoppers during the recession, though Wall Street analysts have said that strategy would hurt profits.

Last month, it said second-quarter results would be "substantially below" the First Call consensus of 70 cents a share after it reduced prices to attract shoppers during the holiday season.

(Reporting by Ratul Ray Chaudhuri in Bangalore, additional reporting by Nicole Maestri in New York, editing by Will Waterman)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COSTCO WHOLESALE CORPORATI
04:19aCOSTCO WHOLESALE : Vallejo City Council to review MOU with Costco over Cooke sit..
AQ
05/18COSTCO WHOLESALE : Is Costco's Auto Buying Program an Achilles Heel?
AQ
05/18Instacart faces new challenge with Kroger/Ocado tie-up
RE
05/16COSTCO WHOLESALE : determing gas station location
AQ
05/14COSTCO : Free $10 or $20 cash card for joining
AQ
05/14COSTCO WHOLESALE : PROSHRED Arizona Announces Pilot Program with Costco
AQ
05/14COSTCO WHOLESALE : Car catches fire near Costco Langley
AQ
05/12COSTCO WHOLESALE : PROSHRED® Arizona Announces Pilot Program with Costco
AQ
05/11COSTCO WHOLESALE : Amethysts move over for the fascinating purple potato
AQ
05/11COSTCO WHOLESALE : keeps up same-store sales momentum in April
AQ
More news
News from SeekingAlpha
05/21How To Retire With Best Long-Term Investment 
05/18AMAZON GO : Stores Worth Less Than Tech 
05/17Costco flirts with $200 amid Wall Street love 
05/17BULLETPROOF INVESTING PERFORMANCE UP : Week 25 
05/16Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q1 2018 Update 
Financials ($)
Sales 2018 140 B
EBIT 2018 4 507 M
Net income 2018 3 105 M
Debt 2018 1 169 M
Yield 2018 1,01%
P/E ratio 2018 28,19
P/E ratio 2019 25,88
EV / Sales 2018 0,63x
EV / Sales 2019 0,58x
Capitalization 87 308 M
Chart COSTCO WHOLESALE CORPORATI
Duration : Period :
Costco Wholesale Corporati Technical Analysis Chart | COST | US22160K1051 | 4-Traders
Technical analysis trends COSTCO WHOLESALE CORPORATI
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 210 $
Spread / Average Target 5,0%
EPS Revisions
Managers
NameTitle
Walter Craig Jelinek President, Chief Executive Officer & Director
Hamilton Evans James Chairman
Roger A. Campbell Senior Vice President-International Operations
Richard A. Galanti CFO, Director & Executive Vice President
Paul G. Moulton Chief Information Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
COSTCO WHOLESALE CORPORATION6.90%87 308
WAL-MART DE MEXICO S A B DE C V3.07%42 822
TARGET CORPORATION16.38%40 639
DOLLAR GENERAL CORPORATION4.00%25 960
DOLLARAMA INC-3.85%12 687
BURLINGTON STORES INC12.66%9 515