by Mike Duff | Feb 7, 2024 | Retail Articles
Longtime Costco CFO Richard Galanti is stepping down in March, to be replaced by Gary Millerchip, who has been chief financial officer at The Kroger Co. According to Costco, Galanti will remain with the company through January 2025 as an advisor and continue serving...
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 | 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 | May 30, 2023 | Featured News, Retail Articles
Costco beat a Wall Street estimate on earnings in the third quarter, although it came up a bit short on revenues as lower discretionary spending on big-ticket items pressured results. Net income was $1.3 billion, or $2.93 per diluted share, which included a...
by Mike Duff | Sep 23, 2022 | Retail Articles
In the fourth quarter, Costco posted double-digit company comps as earnings and total sales beat an analyst estimate. The company reported that net income for the fourth quarter was $1.87 billion, or $4.20 per diluted share, versus $1.67 billion, or $3.76 per diluted...
