by Mike Duff | Dec 18, 2023 | Featured News, Retail Articles
Costco Wholesale Corp. came out ahead of an analyst estimate for its first quarter as earnings and comps gained with help from nonfoods. Costco reported that net income was $1.59 billion, or $3.58 per diluted share, versus $1.36 billion, or $3.07 per diluted share, in...
by Mike Duff | Oct 19, 2023 | Retail Articles
New leadership is on deck at Costco Wholesale Corp., which announced Craig Jelinek will step down as CEO, effective January 1, 2024, at which time the chief executive post will pass to Ron Vachris, Costco’s president and COO since February 2022. Costco noted the...
by Mike Duff | Oct 9, 2023 | Retail Articles
Summer ended and autumn began with continued sales gains at Costco Wholesale Corp. For the fiscal month of September, Costco reported net sales of $22.75 billion, up 6% year over year. With the effects of fuel prices and foreign exchange volatility excluded,...
by Mike Duff | Sep 27, 2023 | Retail Articles
Costco beat fourth-quarter sales and earnings estimates with revenues surpassing $240 billion for the year. In the period, Costco recorded company net income of $2.16 billion, or $4.86 per diluted share, versus $1.87 billion, or $4.20 per diluted share, in the...
by Mike Duff | Sep 22, 2023 | Retail Articles
With Costco preparing to reveal its fourth-quarter and full-year financial results, traffic-tracker Placer.ai points out that the company is on a roll with more footsteps through the store during the past couple of years and, more recently, during the back-to-school...
