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
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Costco Wholesale : Shrinking margins cloud Costco's profit beat, shares fall

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/06/2017 | 12:31am CEST
FILE PHOTO: A Costco truck makes a delivery to a Costco store in Carlsbad, California

(Reuters) - Costco Wholesale Corp's (>> Costco Wholesale Corporation) quarterly profit scraped past estimates, helped by a hike in membership fees, but a fall in gross margins fueled concerns of an intensifying grocer price war, sending shares down 3.6 percent in after-market trading.

(Reuters) - Costco Wholesale Corp's (>> Costco Wholesale Corporation) quarterly profit scraped past estimates, helped by a hike in membership fees, but a fall in gross margins fueled concerns of an intensifying grocer price war, sending shares down 3.6 percent in after-market trading.

Investors are wary that Costco's business model, which mainly generates revenue through a niche membership club, faces increased competition from online giant Amazon.com Inc (>> Amazon.com), which has begun to shake up the grocery space with its acquisition of Whole Foods.

Gross margins in the fourth quarter were lower year-over-year by 15 basis points, as the retailer spends to drive sales and member loyalty, Costco said on a post-earnings conference call on Thursday.

"We believe near-term sentiment and fear of the long-term impact of Amazon on Costco's business could continue to create an overhang on COST shares and limit valuation upside," BMO Capital Markets analysts said in a pre-earnings client note.

Costco's shares have fallen 7.2 percent since the Amazon-Whole Foods deal was announced in June.

MEMBERSHIP FEE HIKE

Costco implemented its annual membership fee increase by $5-$60 for Goldstar and business members, and by $10-$120 for executive memberships in the quarter.

Membership fees, which accounted for about 72 percent of Costco's operating income in 2016, rose 13 percent in the 17-week fourth quarter ended Sept. 3.

Excluding the impact of fuel and currency fluctuations, total comp sales rose 5.7 percent, while analysts at research firm Consensus Metrix expected an increase of 5.1 percent.

Costco's U.S. comp sales rose 5.8 percent in the quarter.

Net income attributable to Costco rose to $919 million, or $2.08 per share, from $779 million, or $1.77 per share.

Total revenue rose 15.7 percent to $42.30 billion.

Analysts on average had estimated earnings of $2.02 per share and revenue of $41.55 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Karina Dsouza and Vibhuti Sharma in Bengaluru; Editing by Martina D'Couto)

Stocks treated in this article : Costco Wholesale Corporation, Amazon.com
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM -1.02% 1690.7403 Delayed Quote.46.70%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COSTCO WHOLESALE CORPORATI
10:25aCOSTCO WHOLESALE : poultry operation proposed in Lancaster County
AQ
06/24COSTCO WHOLESALE : Weird, moon-shaped Opah fish are actually six different speci..
AQ
06/24COSTCO WHOLESALE : Here's what's being constructed across from Costco in Myrtle ..
AQ
06/24COSTCO WHOLESALE : Mayor says Costco benefits outweigh any negative impact
AQ
06/22COSTCO WHOLESALE : Puyallup woman pleads guilty to defrauding $290K from Costco
AQ
06/22WAL MART STORES : Poverty and Inequality Are Ingredients in Supermarket Supply C..
AQ
06/21Free Technical Reports on Dollar General and Three Additional Discount, Varie..
AC
06/21COSTCO WHOLESALE : Puyallup woman admits to cheating Costco out of nearly $300,0..
AQ
06/20COSTCO WHOLESALE : Traffic is key as Aldi seeks store near Woodman's, Sam's Club
AQ
06/18COSTCO WHOLESALE : Rainy weather stalls Costco construction a bit
AQ
More news
News from SeekingAlpha
02:50aLet's Revisit The Story Of America's Economic Future, As Told By Demographics 
06/24Reasons To Buy Dollar General And Perhaps Dollar Tree As Well 
06/21BJ's Wholesale Club Readies Plans For $600 Million IPO 
06/203 Questions You Need To Answer Before Retiring 
06/19DIVIDEND SENSEI'S PORTFOLIO UPDATE 3 : 3 Reasons You Should Avoid This Dangerous.. 
Financials ($)
Sales 2018 141 B
EBIT 2018 4 496 M
Net income 2018 3 118 M
Debt 2018 1 025 M
Yield 2018 0,94%
P/E ratio 2018 29,83
P/E ratio 2019 27,52
EV / Sales 2018 0,67x
EV / Sales 2019 0,61x
Capitalization 92 576 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 29
Average target price 213 $
Spread / Average Target 0,69%
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 CORPORATION13.42%92 576
WAL-MART DE MEXICO S A B DE C V9.73%46 163
TARGET CORPORATION16.54%40 540
DOLLAR GENERAL CORPORATION7.68%26 796
DOLLARAMA INC-65.85%13 237
BURLINGTON STORES INC21.52%10 109