S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Companies and Brands

Despite Economy, Costco Manages Impressive Sales Gains (COST)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Costco_logoCostco Wholesale Corp. (NASDAQ: COST) is trading down over 1% pre-market, yet the upper-end big box retailer posted some very strong numbers.   The company reported earnings of $0.97 per share before $0.07 worth of charges. First Call estimates were for profit of $0.93.  Its net sales were $22.6 billion excluding membership fees.  Costco also posted September same store sales at +7% with a total sales gain of 10% for the month.  It is still growing members as its membership fees rose to $473.7 million from $388.2 million in the same quarter in 2007.

As noted, shares are indicated slightly lower than its $57.80 close. In today’s economy, this report was solid.Its 52-week trading range is $57.05 to $75.23.  Despite hard times,this stock should have already started pricing in much of the currentmarket woes and a slower consumer.

Jon C. Ogg
October 8, 2008

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Why Costco Keeps Beating Profit Estimates
Paul Ausick |

Why Costco Keeps Beating Profit Estimates

Costco reported an earnings beat for its first fiscal quarter last night and shares are trading above the stock's 52-week…
Paul Ausick |

Costco Earnings Point to What Sears Aims to Be

Costco Wholesale reported mixed fourth-quarter and fiscal 2014 results before markets opened Thursday morning.
Costco Earnings Hampered by Rising Costs
Paul Ausick |

Costco Earnings Hampered by Rising Costs

Costco Wholesale reported better-than-expected third-quarter fiscal 2016 results after markets closed on Wednesday.
How Costco Beat Profit Estimates
Paul Ausick |

How Costco Beat Profit Estimates

Costco reported fiscal Q3 earnings that beat estimates, but profits were a bit light.
Costco Earnings Aren’t Enough Despite Strong Beat
Chris Lange |

Costco Earnings Aren’t Enough Despite Strong Beat

After Costco reported its fiscal fourth-quarter financial results, the share price pulled back early Friday.
Paul Ausick |

Costco Earnings Up on Increase in Membership Fees, New All-Time High in Sight

Costco Wholesale reported mixed first-quarter fiscal 2015 results before markets opened Wednesday morning.
How Costco Plans to Offset Falling Profit
Paul Ausick |

How Costco Plans to Offset Falling Profit

Costco is raising membership fees beginning in June to offset falling profits and rising costs. Some 35 million members will…
Paul Ausick |

Could Costco Earnings Signal a Rise in Membership Fees?

Costco Wholesale reported mixed second-quarter fiscal 2015 results before markets opened Thursday morning.
Paul Ausick |

Membership Fees Lift Costco as Revenues Fall Short of Estimates

ThinkstockCostco Wholesale Corp. (NASDAQ: COST) reported first-quarter fiscal 2013 results before markets opened this morning. The big-box club store posted diluted…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618