We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Costco (COST) Posts Q1 Earnings Beat, E-commerce Sales Up 43.5%
Read MoreHide Full Article
Costco Wholesale Corp. (COST - Free Report) just released its first-quarter fiscal 2018 results, posting earnings, $1.45 per share and revenues of $31.8 billion. Currently, COST is a #3 (Hold) on the Zacks Rank, and is up almost 1% to $188.21 per share in trading shortly after its earnings report was released.
Costco:
Beat earnings estimates. The wholesale retail giant reported earnings of $1.45 per share, surpassing the Zacks Consensus Estimate of $1.35 per share. Net income was $640 million for the quarter.
Beat revenue estimates. The company saw total revenues of $31.8 billion, just beating our consensus estimate of $31.52. Net sales were $31.12 billion, which increased 13.3% year-over-year, while membership fees were $692 million in Q1.
Total company comparable sales increased 10.5%, while e-commerce sales surged 43.5%.
Here’s a graph that looks at Costco’s price, consensus, and EPS surprise:
Costco Wholesale Corporation Price, Consensus and EPS Surprise
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Image: Bigstock
Costco (COST) Posts Q1 Earnings Beat, E-commerce Sales Up 43.5%
Costco Wholesale Corp. (COST - Free Report) just released its first-quarter fiscal 2018 results, posting earnings, $1.45 per share and revenues of $31.8 billion. Currently, COST is a #3 (Hold) on the Zacks Rank, and is up almost 1% to $188.21 per share in trading shortly after its earnings report was released.
Costco:
Beat earnings estimates. The wholesale retail giant reported earnings of $1.45 per share, surpassing the Zacks Consensus Estimate of $1.35 per share. Net income was $640 million for the quarter.
Beat revenue estimates. The company saw total revenues of $31.8 billion, just beating our consensus estimate of $31.52. Net sales were $31.12 billion, which increased 13.3% year-over-year, while membership fees were $692 million in Q1.
Total company comparable sales increased 10.5%, while e-commerce sales surged 43.5%.
Here’s a graph that looks at Costco’s price, consensus, and EPS surprise:
Costco Wholesale Corporation Price, Consensus and EPS Surprise
Costco Wholesale Corporation Price, Consensus and EPS Surprise | Costco Wholesale Corporation Quote
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>