Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Costco Wholesale Corporation    COST

COSTCO WHOLESALE CORPORATION (COST)
My previous session
Most popular
  Report  
Real-time Quote. Real-time BATS EXCHANGE - 09/21 11:22:44 pm
234.9400 USD   +0.44%
02:40aCOSTCO WHOLESAL : New Costco, hotels in East Bay delayed after city ..
AQ
09/20COSTCO WHOLESAL : Climb on
AQ
09/20COSTCO WHOLESAL : Kelowna mayoral candidates clash over Costco locat..
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

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 -1.51% 1915.01 Delayed Quote.64.73%
COSTCO WHOLESALE CORPORATION 0.36% 234.76 Delayed Quote.25.68%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COSTCO WHOLESALE CORPORATI
03:07pCOSTCO WHOLESALE : Poultry Complex Could Redefine Farm-to-Fork
AQ
02:40aCOSTCO WHOLESALE : New Costco, hotels in East Bay delayed after city backtracks
AQ
09/20COSTCO WHOLESALE : Climb on
AQ
09/20COSTCO WHOLESALE : Kelowna mayoral candidates clash over Costco location
AQ
09/19COSTCO WHOLESALE : Dolly Expands On Demand Delivery and Moving Service into Four..
AQ
09/16COSTCO WHOLESALE : one step closer to final design
AQ
09/14COSTCO WHOLESALE : Buy a new car without getting ripped off
AQ
09/14NASDAQ 100 MOVERS : Cost, adbe
AQ
09/14COSTCO WHOLESALE : Public comment open for Costco Wholesale air quality operatin..
AQ
09/13Walmart teams up with Instacart for same-day delivery in Canada
RE
More news
News from SeekingAlpha
09/20COSTCO : Is It Still A Good Investment? 
09/18COSTCO : The Sell-Off Could Be Short And Sweet 
09/18FINDING SMARTER BETA : Momentum, Quality, And Low Volatility 
09/18'Mr. Valuation' Knows His Stuff, But Is 'Overvaluation' Always A Dirty Word? 
09/14Interest Rates Are Going Up, But You Shouldn't Panic 
Financials ($)
Sales 2018 141 B
EBIT 2018 4 522 M
Net income 2018 3 133 M
Debt 2018 1 422 M
Yield 2018 0,88%
P/E ratio 2018 32,87
P/E ratio 2019 30,20
EV / Sales 2018 0,74x
EV / Sales 2019 0,67x
Capitalization 103 B
Chart COSTCO WHOLESALE CORPORATION
Duration : Period :
Costco Wholesale Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COSTCO WHOLESALE CORPORATI
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 238 $
Spread / Average Target 1,8%
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 CORPORATION25.68%102 584
WAL-MART DE MEXICO S A B DE C V16.21%51 854
TARGET CORPORATION33.58%45 993
DOLLAR GENERAL CORPORATION17.79%29 092
DOLLARAMA INC-18.47%10 802
BURLINGTON STORES INC28.47%10 677