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Costco (COST) Q2 Earnings: What to expect?
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Retailer Costco Wholesale Corporation reported second-quarter financial results after the market close Thursday. Here are the key highlights.
● Net sales: $54.24 billion, up 6.5% year-over-year. versus $55.58 billion expected
● Adjusted earnings per share: $3.30 versus $3.21 expected
● Same-store sales: up 6.8% versus up 6.16% expected
- United States: up 5.8% versus up 5.56% expected
- Canada: up 9.6% versus up 5.51% expected
- Other international: 9.5% versus up 7.10% expected
● Membership fees represented $1.03 billion of the company's second-quarter total compared to $967 million in the year ago period.
● The company ended the quarter with 848 total stores, consisting of 584 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the united Kingdom, 18 in Korea, 14 in Taiwan, 14 in Australia, four in Spain, two in France, two in China, one in Iceland, one in New Zealand and one in Sweden.
Q: 1) Is now a good time to own COST stocks?
2) What's your opinion or analysis of the company?
● Net sales: $54.24 billion, up 6.5% year-over-year. versus $55.58 billion expected
● Adjusted earnings per share: $3.30 versus $3.21 expected
● Same-store sales: up 6.8% versus up 6.16% expected
- United States: up 5.8% versus up 5.56% expected
- Canada: up 9.6% versus up 5.51% expected
- Other international: 9.5% versus up 7.10% expected
● Membership fees represented $1.03 billion of the company's second-quarter total compared to $967 million in the year ago period.
● The company ended the quarter with 848 total stores, consisting of 584 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the united Kingdom, 18 in Korea, 14 in Taiwan, 14 in Australia, four in Spain, two in France, two in China, one in Iceland, one in New Zealand and one in Sweden.
Q: 1) Is now a good time to own COST stocks?
2) What's your opinion or analysis of the company?
Retailer Costco Wholesale Corporation reported second-quarter financial results after the market close Thursday. Here are the key highlights.
● Net sales: $54.24 billion, up 6.5% year-over-year. versus $55.58 billion expected
● Adjusted earnings per share: $3.30 versus $3.21 expected
● Same-store sales: up 6.8% versus up 6.16% expected
- United States: up 5.8% versus up 5.56% expected
- Canada: up 9.6% versus up 5.51% expected
- Other international: 9.5% versus up 7.10% expected
● Membership fees represented $1.03 billion of the company's second-quarter total compared to $967 million in the year ago period.
● The company ended the quarter with 848 total stores, consisting of 584 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the united Kingdom, 18 in Korea, 14 in Taiwan, 14 in Australia, four in Spain, two in France, two in China, one in Iceland, one in New Zealand and one in Sweden.
Q: 1) Is now a good time to own COST stocks?
2) What's your opinion or analysis of the company?
● Net sales: $54.24 billion, up 6.5% year-over-year. versus $55.58 billion expected
● Adjusted earnings per share: $3.30 versus $3.21 expected
● Same-store sales: up 6.8% versus up 6.16% expected
- United States: up 5.8% versus up 5.56% expected
- Canada: up 9.6% versus up 5.51% expected
- Other international: 9.5% versus up 7.10% expected
● Membership fees represented $1.03 billion of the company's second-quarter total compared to $967 million in the year ago period.
● The company ended the quarter with 848 total stores, consisting of 584 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the united Kingdom, 18 in Korea, 14 in Taiwan, 14 in Australia, four in Spain, two in France, two in China, one in Iceland, one in New Zealand and one in Sweden.
Q: 1) Is now a good time to own COST stocks?
2) What's your opinion or analysis of the company?
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ColumnExpert Meeting Minutes | Costco Wholesale Corporation (COST) Q2 2023 Earnings Call Transcript
Core Point:
1.Reported net income for the quarter came in at $1.466 billion or $3.30 per share compared to $1.299 billion or $2.92 per diluted share last year, an increase of 13%.
2.Membership growth has remained strong. Costco ended the second quarter with 68.1 million paid household members and 123.0 million cardholders, both up more than 7% versus a year earlier. At Q2 end, Costco had 30.6 million pai...
1.Reported net income for the quarter came in at $1.466 billion or $3.30 per share compared to $1.299 billion or $2.92 per diluted share last year, an increase of 13%.
2.Membership growth has remained strong. Costco ended the second quarter with 68.1 million paid household members and 123.0 million cardholders, both up more than 7% versus a year earlier. At Q2 end, Costco had 30.6 million pai...
$Costco(COST.US$ Latest Earnings 
Beat EPS estimates
Missed Sales estimates
12 Weeks Ended:
• Sales +6.48%
• Operating Income +5%
• Net Income +12.86%
24 Weeks Ended:
• Sales +7.3%
• Operating Income +4.25%
• Net Income +7.89%
Beat EPS estimates
Missed Sales estimates
12 Weeks Ended:
• Sales +6.48%
• Operating Income +5%
• Net Income +12.86%
24 Weeks Ended:
• Sales +7.3%
• Operating Income +4.25%
• Net Income +7.89%
Likely to be angst about Costco's 3.5% US comp in February, lowest in a long time despite still-hot food inflation. Will reignite concerns just like November's 4.6% print, which proved to be a blip. Investors in even top notch retailers can be incredibly short-term $Costco(COST.US$
$Costco(COST.US$ down after hours despite bottom line beat.
Reason: massive deceleration in February despite CNY tailwind.
Great company, but the consumer is rolling over and you can't squeeze enough blood from a turnip to justify this multiple.
Skate to where the puck is going.
Reason: massive deceleration in February despite CNY tailwind.
Great company, but the consumer is rolling over and you can't squeeze enough blood from a turnip to justify this multiple.
Skate to where the puck is going.
$Costco(COST.US$ Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale with a Outperform and lowers the price target from $580 to $540.
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$Costco(COST.US$ Q2 FY23 (ending Jan. 2023).
• Revenue +6% Y/Y to $55.3B ($0.3B miss).
• Non-GAAP EPS $3.30 ($0.1 beat).
Comparable sales Y/Y:
• US +5.7%.
• Company +5.2%.
• E-commerce -9.6%.
Second revenue miss back-to-back.
• Revenue +6% Y/Y to $55.3B ($0.3B miss).
• Non-GAAP EPS $3.30 ($0.1 beat).
Comparable sales Y/Y:
• US +5.7%.
• Company +5.2%.
• E-commerce -9.6%.
Second revenue miss back-to-back.
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Costco Q2 Revenue Slips Slightly
Costco$Costco(COST.US$ posted their Q2 earnings results and that it beats most expectations. They saw a slight miss in quarterly revenue, coming in at $55.27 billion, but up 6.5% from a year ago.
Here's what Costco reported, compared to Wall Street estimates:
Revenue: $55.27 billion versus $55.58 billion expected
Adjusted earnings per share: $3.30 versus $3.21 expected
Same-store sales: up 6.8% versus up 6.16% expected
United States: up 5.8% versus up 5.56% ...
Here's what Costco reported, compared to Wall Street estimates:
Revenue: $55.27 billion versus $55.58 billion expected
Adjusted earnings per share: $3.30 versus $3.21 expected
Same-store sales: up 6.8% versus up 6.16% expected
United States: up 5.8% versus up 5.56% ...
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