Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

COSTCO WHOLESALE CORPORATION

(COST)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Walmart flagged for failing cage-free chicken test in Latin America

04/15/2021 | 08:22am EDT
FILE PHOTO: A customer shops inside a Walmart store in Mexico City

MEXICO CITY (Reuters) - Retail giant Walmart is among the worst offenders in a new ranking of companies in Latin America that sell eggs from caged chickens, part of a new list of firms from Mexico to Argentina that aims to encourage more humane supply practices.

The new corporate ranking from Mercy for Animals (MFA), a U.S.-based animal welfare group, evaluated 34 of the region's largest egg sellers on their commitments to phase out supplies from caged chickens.

Besides Walmart's Mexican unit, which also operates in Central America, others flagged for failing to make or implement cage-free commitments include supermarket chain Soriana and conglomerate Femsa, which operates Oxxo convenience stores.

All three were also criticized for lacking transparency on their egg suppliers.

Walmart de Mexico declined to comment, while Soriana and Femsa did not respond to questions.

Cramming hens into so-called battery cages where they are unable to turn around or flap their wings is standard industry practice, said MFA Executive Director Leah Garces.

She added that hens are unable to exercise their natural instinct to perch or lay eggs in nests, and the tips of their beaks are shaved off to minimize damage from pecking.

"It's total, extreme animal suffering that's wrapped into each egg," she said in an interview.

MFA's Latin America ranking, based partly on company responses to a survey, also credits big-box retailer Costco and fast-food chain McDonalds for making progress on implementing cage-free supplies.

The ranking comes nearly a decade after the European Union banned eggs produced from caged chickens citing animal cruelty, along with several U.S. states.

Mexicans eat more eggs than any other nationality, or about 23 kg (51 lb) a year, according to the International Egg Commission.

Colombia, Argentina and Peru are also among the top 10 egg-consuming countries.

(Reporting by David Alire Garcia; Additional reporting by Daina Beth Solomon; Editing by Stephen Coates)

By David Alire Garcia


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
COSTCO WHOLESALE CORPORATION -1.01% 380.88 Delayed Quote.2.12%
EURO / ARGENTINE PESO (EUR/ARS) -0.39% 113.1425 Delayed Quote.11.28%
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. -0.67% 170.98 End-of-day quote.13.73%
ORGANIZACIÓN SORIANA, S. A. B. DE C. V. 0.49% 18.45 End-of-day quote.-8.16%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.03% 95.38 Delayed Quote.13.36%
WAL-MART DE MÉXICO, S.A.B. DE C.V. -0.89% 63.45 End-of-day quote.13.34%
WALMART INC. -1.85% 135.17 Delayed Quote.-4.46%
All news about COSTCO WHOLESALE CORPORATION
06/15COSTCO WHOLESALE  : Continued Level of Significant Insider Selling at Costco Who..
MT
06/14INSIDER TRENDS : Insider Sales Prolong 90-Day Trend at Costco Wholesale
MT
06/11Amazon Got Us Hooked on One-Day Delivery -- Now Small Businesses Are Paying f..
DJ
06/08Target Still Not Getting Enough Credit With Valuation Below Peers Despite Mom..
MT
06/04COSTCO WHOLESALE  : May Sales Show Ability to Drive Comp Growth Amid Difficult C..
MT
06/04COSTCO WHOLESALE  : May Sales Rise 24.2% From Year Ago
MT
06/03Costco Wholesale Corporation Reports May Sales Results
GL
06/03Costco Wholesale's May Sales Rise
DJ
06/03COSTCO WHOLESALE  : Taste-sampling back in play at Sam's Club
AQ
06/03COSTCO WHOLESALE  : NEW Management's Discussion and Analysis of Financial Condit..
AQ
More news
Financials (USD)
Sales 2021 192 B - -
Net income 2021 4 784 M - -
Net cash 2021 2 737 M - -
P/E ratio 2021 35,6x
Yield 2021 1,13%
Capitalization 170 B 170 B -
EV / Sales 2021 0,87x
EV / Sales 2022 0,81x
Nbr of Employees 214 500
Free-Float 99,8%
Chart COSTCO WHOLESALE CORPORATION
Duration : Period :
Costco Wholesale Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COSTCO WHOLESALE CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 405,29 $
Last Close Price 384,75 $
Spread / Highest target 17,7%
Spread / Average Target 5,34%
Spread / Lowest Target -35,3%
EPS Revisions
Managers and Directors
NameTitle
Walter Craig Jelinek President, Chief Executive Officer & Director
Richard A. Galanti Chief Financial Officer, Director & Executive VP
Hamilton Evans James Non-Executive Chairman
Paul G. Moulton Chief Information Officer & Executive VP
James Patrick Murphy Chief Operating Officer-International & EVP
Sector and Competitors
1st jan.Capitalization (M$)
COSTCO WHOLESALE CORPORATION2.12%170 086
TARGET CORPORATION30.98%114 390
WAL-MART DE MÉXICO, S.A.B. DE C.V.13.34%54 095
DOLLAR GENERAL CORPORATION1.42%50 378
BURLINGTON STORES, INC.16.52%20 207
DOLLARAMA INC.8.21%13 897