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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Costco Wholesale Corporation    COST

COSTCO WHOLESALE CORPORATION

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Costco Says August Sales Up 15% to Almost $14 Billion

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09/02/2020 | 05:49pm EDT

By Micah Maidenberg

 

Costco Wholesale Corp. said Thursday it generated $13.56 billion for its August selling month, up 15% versus the same period last year.

For the 16-week quarter that ended Aug. 30, sales totaled $52.3 billion, 13% ahead of last year's tally.

And for the 52-week-long stretch that ended Aug. 30, sales were up 9% at $163.2 billion.

Costco, along with Walmart Inc. and Target Corp., are among the retail chains that have gained ground during the Covid-19 pandemic, locking in stronger customer demand as shoppers bought more food to cook, various staples and home goods.

Comparable sales, stripping out gas sales and currency fluctuations, for ecommerce more than doubled during the month-long August period, while they jumped 50% for the year-long stretch that ended Aug. 30.

August sales were hurt by the timing of the Labor Day holiday in the U.S., the company said.

Costco currently has 795 warehouse stores, including 552 in the U.S. and Puerto Rico.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
COSTCO WHOLESALE CORPORATION -1.51% 367.42 Delayed Quote.24.89%
TARGET CORPORATION -1.45% 155.25 Delayed Quote.20.70%
WALMART INC. -1.78% 140.505 Delayed Quote.18.08%
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Financials (USD)
Sales 2021 179 B - -
Net income 2021 4 236 M - -
Net cash 2021 3 680 M - -
P/E ratio 2021 38,5x
Yield 2021 0,77%
Capitalization 164 B 164 B -
EV / Sales 2021 0,90x
EV / Sales 2022 0,83x
Nbr of Employees 214 500
Free-Float 99,8%
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Technical analysis trends COSTCO WHOLESALE CORPORATION
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 371,82 $
Last Close Price 372,72 $
Spread / Highest target 16,7%
Spread / Average Target -0,24%
Spread / Lowest Target -36,9%
EPS Revisions
Managers
NameTitle
Walter Craig Jelinek President, Chief Executive Officer & Director
Hamilton Evans James Non-Executive Chairman
James Patrick Murphy Chief Operating Officer-International & EVP
Richard A. Galanti Chief Financial Officer, Director & Executive VP
Paul G. Moulton Chief Information Officer & Executive VP
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