COSTCO WHOLESALE CORPORATION

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Costco buys remaining stake in Taiwan joint venture for $1.05 billion

06/30/2022 | 04:43pm EDT
FILE PHOTO: A sign is seen outside a Costco Wholesale store in Glenview

(Reuters) - Costco Wholesale Corp said on Thursday it bought the 45% stake it did not already own in its Taiwan joint venture, Costco-Taiwan, for $1.05 billion.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
COSTCO WHOLESALE CORPORATION -0.72% 557 Delayed Quote.-1.19%
MSCI TAIWAN (STRD) -0.82% 571.451 Real-time Quote.-22.37%
All news about COSTCO WHOLESALE CORPORATION
08/17Coca-Cola and McDonald's left Russia. Their brands stayed behind
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08/05Raymond James Raises Price Target on Costco Wholesale to $600 From $560, Keeps Outperfo..
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08/04Goldman Sachs Adjusts Price Target on Costco Wholesale to $573 From $516, Reiterates Bu..
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08/04Oppenheimer Adjusts Costco Wholesale's Price Target to $600 From $535, Maintains Outper..
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08/03TRANSCRIPT : Costco Wholesale Corporation - Pre Recorded Sales/ Trading Statement Call
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08/03Costco Wholesale Corporation Reports July Sales Results
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Financials (USD)
Sales 2022 226 B - -
Net income 2022 5 836 M - -
Net cash 2022 7 688 M - -
P/E ratio 2022 42,8x
Yield 2022 0,58%
Capitalization 249 B 249 B -
EV / Sales 2022 1,06x
EV / Sales 2023 0,97x
Nbr of Employees 288 000
Free-Float 99,8%
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Mean consensus BUY
Number of Analysts 33
Last Close Price 560,96 $
Average target price 571,54 $
Spread / Average Target 1,89%
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Managers and Directors
Walter Craig Jelinek Chief Executive Officer & Director
Roland M. Vachris President & Chief Operating Officer
Richard A. Galanti Chief Financial Officer, Director & Executive VP
Hamilton Evans James Independent Non-Executive Director
Paul G. Moulton Chief Information Officer & Executive VP
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