Costco Wholesale Corporation

COST

US22160K1051

Discount Stores

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-13 pm EST			5-day change	1st Jan Change
989.35 ^USD	+0.10%		-0.33%	+49.88%

Dec. 13	Sector Update: Consumer Stocks Mixed in Late Afternoon Trading	MT
Dec. 13	Sector Update: Consumer Stocks Mixed Friday Afternoon	MT

Morningstar DBRS Discontinues and Withdraws Costco Wholesale Corporation's Issuer Rating

November 04, 2024 at 05:11 am EST

DBRS Limited (Morningstar DBRS) discontinued and withdrew Costco Wholesale Corporation's Issuer Rating.

This credit rating action is unrelated to Costco Wholesale Corporation's credit risk profile, but is instead driven by business reasons as noted in the press release published on September 24, 2024 (https://dbrs.morningstar.com/research/439822/morningstar-dbrs-to-withdraw-credit-rating-on-costco-wholesale-corporation).

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE CONSIDERATIONS

There were no Environmental/Social/Governance factor(s) that had a significant or relevant effect on the credit analysis.

A description of how Morningstar DBRS considers ESG factors within the Morningstar DBRS analytical framework can be found in the Morningstar DBRS Criteria: Approach to Environmental, Social, and Governance Factors in Credit Ratings (August 13, 2024) https://dbrs.morningstar.com/research/437781

Notes:

All figures are in US dollars unless otherwise noted.

Morningstar DBRS applied the following principal methodology:

Global Methodology for Rating Companies in the Merchandising Industry (August 14, 2024)

https://dbrs.morningstar.com/research/437891

Morningstar DBRS credit ratings may use one or more sections of the Morningstar DBRS Global Corporate Criteria (April 15, 2024; https://dbrs.morningstar.com/research/431186), which covers, for example, topics such as holding companies and parent/subsidiary relationships, guarantees, recovery, and common adjustments to financial ratios.

The following methodologies have also been applied:

Morningstar DBRS Global Corporate Criteria (April 15, 2024)

https://dbrs.morningstar.com/research/431186

Morningstar DBRS Criteria: Approach to ESG Factors in Credit Ratings (August 13, 2024)

https://dbrs.morningstar.com/research/437781

The credit rating methodologies used in the analysis of this transaction can be found at: https://dbrs.morningstar.com/about/methodologies.

A description of how Morningstar DBRS analyzes corporate finance transactions and how the methodologies are collectively applied can be found at: https://dbrs.morningstar.com/research/431153.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link under Related Documents or by contacting us at info-DBRS@morningstar.com.

The credit rating was not initiated at the request of the rated entity.

The rated entity or its related entities did not participate in the credit rating process for this credit rating action.

Morningstar DBRS did not have access to the accounts, management and other relevant internal documents of the rated entity or its related entities in connection with this credit rating action.

This is an unsolicited credit rating.

The conditions that lead to the assignment of a Negative or Positive trend are generally resolved within a 12-month period. Morningstar DBRS trends and credit ratings are under regular surveillance.

Information regarding Morningstar DBRS credit ratings, including definitions, policies, and methodologies, is available on dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.

DBRS Limited

DBRS Tower, 181 University Avenue, Suite 700

Toronto, ON M5H 3M7 Canada

Tel. +1 416 593-5577

Latest news about Costco Wholesale Corporation

Sector Update: Consumer Stocks Mixed in Late Afternoon Trading	Dec. 13	MT
Sector Update: Consumer Stocks Mixed Friday Afternoon	Dec. 13	MT
Top Midday Stories: Broadcom Shares Soar on Upbeat Fiscal Q1 Revenue Guidance; Costco Q1 Earnings Top Estimates	Dec. 13	MT
Costco Wholesale's Earnings Momentum Seen Picking Up, Morgan Stanley Says	Dec. 13	MT
BMO Capital Adjusts Costco Wholesale Price Target to $1,175 From $1,075	Dec. 13	MT
HSBC Adjusts Costco Wholesale Price Target to $1,000 From $926	Dec. 13	MT
Markets eye week's end elation	Dec. 13
Sector Update: Consumer Stocks Mixed Pre-Bell Friday	Dec. 13	MT
Stocks Rise Pre-Bell as Traders Digest Broadcom Earnings, Wholesale Prices Data; Asia Down, Europe Strong	Dec. 13	MT
TD Cowen Adjusts Price Target on Costco Wholesale to $1,090 From $975, Keeps Buy Rating	Dec. 13	MT
Morgan Stanley Adjusts Price Target on Costco Wholesale to $1,150 From $950, Keeps Overweight Rating	Dec. 13	MT
Bernstein Adjusts Price Target on Costco Wholesale to $1,132 From $1,062, Keeps Outperform Rating	Dec. 13	MT
Truist Securities Adjusts Price Target on Costco Wholesale to $935 From $909, Keeps Hold Rating	Dec. 13	MT
Costco Wholesale Reports Mixed Fiscal First-Quarter Results as Comparable Sales Miss Street Views	Dec. 13	MT
Roth MKM Adjusts Price Target on Costco Wholesale to $907 From $755, Keeps Neutral Rating	Dec. 13	MT
DA Davidson Adjusts Price Target on Costco Wholesale to $900 From $880, Keeps Neutral Rating	Dec. 13	MT
Goldman Sachs Adjusts Price Target on Costco Wholesale to $1,052 From $1,005, Keeps Buy Rating	Dec. 13	MT
Loop Capital Adjusts Price Target on Costco Wholesale to $1,095 From $1,005, Keeps Buy Rating	Dec. 13	MT
Deutsche Bank Adjusts Price Target on Costco Wholesale to $1,096 From $1,091, Keeps Buy Rating	Dec. 13	MT
Barclays Adjusts Price Target on Costco Wholesale to $940 From $850, Keeps Equalweight Rating	Dec. 13	MT
Evercore ISI Adjusts Price Target on Costco Wholesale to $1,030 From $1,020, Maintains Outperform Rating	Dec. 13	MT
Wells Fargo Adjusts Price Target on Costco Wholesale to $1,000 From $950, Keeps Equalweight Rating	Dec. 13	MT
Analyst recommendations: Exxon, Paypal, Salesforce, Broadcom, Costco...	Dec. 13
Costco Wholesale: EPS up 13% in Q1	Dec. 13	CF
Costco beats forecasts as Americans hunt for discounts	Dec. 12	RE

Chart Costco Wholesale Corporation

Duration

Period

COST: Dynamic Chart

Company Profile

Costco Wholesale Corporation specializes in the distribution of products and services at discount prices (food, sports equipment, household appliances, books, toys, jewelry, TVs, cameras, photo developing and printing services, etc.). The group develops its activity through a network of warehouse stores opened to individuals or companies who have paid a subscription fee. Net sales break down by revenue source as follows: - sales of products (98.1%); - sales of subscriptions (1.9%). As of 03/09/2023, Costco Wholesale Corporation had a network of 861 warehouse stores located in the United States and Puerto Rico (591), Canada (107), Mexico (40), Japan (33), the United Kingdom (29), Korea (18), Australia (15), Taiwan (14), China (5), Spain (4), France (2), Sweden, New Zealand and Iceland. Net sales are distributed geographically as follows: the United States (72.9%), Canada (13.6%) and other (13.5%).

Employees

333,000

Sector

Discount Stores

Calendar

2025-01-08 - December 2024 Sales and Revenue Release

More about the company