March 25, 2024 by MMR
Costco, Q2
2024, Issue 03-25-2024
ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales growth of 5.7% for its second quarter as more members visited its warehouse clubs and spent more per trip. Traffic was up 4.3% in the United States and 5.3% companywide, Costco reported on March 7. Net income in the period through February 18 was $1.74 billion,
March 25, 2024 by David Pinto
Costco, David Pinto
2024, Issue 03-25-2024
Costco, to no great surprise, is much in the news lately — and, no great surprise, the news is overwhelmingly positive. To begin at the beginning, Craig Jelenik, the retailer’s longtime (and very effective) chief executive officer, has retired, ending an era of unprecedented retail success. Simultaneously, Richard Galanti, the company’s equally talented chief financial
March 25, 2024 by MMR
Claudine Adamo, Costco, influential women, MMR's Most Influential Women, Most Influential Women
Issue 03-25-2024
ISSAQUAH, Wash. — As executive vice president of merchandising at Costco Wholesale Corp., Claudine Adamo leads the team that finds and often helps develop the products that bring members back to the company’s warehouse clubs again and again, often spending more than they planned because of the extraordinary values and treasure-hunt finds that are on
March 8, 2024 by MMR
Costco, second quarter
Leading Headlines, Money, Retail News
ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales of $57.33 billion for the second quarter of its 2024 fiscal year, an increase of 5.7% from the $54.24 billion posted in the same quarter last year. Net sales for the first 24 weeks increased 5.9%, to $114.05 billion, from $107.68 billion last year. The company
December 18, 2023 by David Pinto
Costco, Craig Jelinek, David Pinto
2023, Issue 12-18-2023, Opinion
Unlike most mass retailers, whose gyrations, machinations, new directions, false starts and management changes routinely make news, you seldom read or hear about Costco, the legendary “club” retailer. Indeed, the only time the Seattle-based retailer makes news is in announcing quarterly earnings reports, new clubs, new markets and the occasional management change. Among the recent
December 15, 2023 by MMR
Costco, Costco Wholesale Corp.
Leading Headlines, Money, Retail News
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported first-quarter sales and earnings results that beat Wall Street estimates. The company posted net sales of $56.72 billion for the 12-week fiscal first quarter ended November 26, an increase of 6.1% from the $53.44 billion reported in last year’s first quarter. Comparable club sales rose 2.0%
October 18, 2023 by MMR
Costco, Costco Wholesale Corp., Craig Jelinek, Ron Vachris
Featured Articles, Leading Headlines, People, Retail News
ISSAQUAH, Wash. — Costco Wholesale Corp. chief executive officer Craig Jelinek intends to step down from that role, effective January 1, 2024. The Board of Directors has elected Ron Vachris, who has served as president and chief operating officer since February 2022, to succeed Jelinek as CEO, while continuing to serve as president. The company
October 9, 2023 by MMR
4th quarter, Costco
Issue 10-09-2023
ISSAQUAH, Wash. — Costco Wholesale Corp. exceeded Wall Street’s expectations in posting quarterly financial results that featured continued growth but at a slower pace. Members made more trips to the warehouse clubs but spent less. Shoppers shunned bigger-ticket items, but the groceries category was a sales driver in the 17-week quarter ended September 3. Net
July 6, 2023 by MMR
Amazon.com, Costco, CVS Health Corp., Kroger, National Retail Federation, Target, The Home Depot, Top 100 Retailers, Walgreens Boots Alliance, Walmart
Featured Articles, Leading Headlines, Retail News
WASHINGTON – The National Retail Federation today released its annual list of the Top 100 Retailers, compiled by Kantar, a global marketing data, insight and consultancy company. The 2023 Top 100 Retailers ranks the industry’s largest companies according to domestic sales. Longtime No. 1 Walmart held its top position with $499.65 billion in U.S. retail sales
March 3, 2023 by MMR
Costco, Q2, second financial quarter
Leading Headlines, Money, Retail News
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported that net sales for its fiscal second quarter increased 6.5%, to $54.24 billion, up from $50.94 billion last year. Despite the gain, the company’s stock fell in after hours trading because the increase was below analysts’ forecasts. Comparable sales for the 12-week period ended February 12
December 12, 2022 by MMR
Costco, Q1
2022, Issue 12-12-2022, Issues
ISSAQUAH, Wash. — Costco Wholesale Corp. posted gains in first quarter sales and profits, but they fell short of analysts’ estimates. Adjusted earnings per share of $3.07 in the quarter ended November 20 were up from $2.98 a year earlier, but missed Wall Street’s forecast of $3.11 per share. Sales were $53.44 billion, up 8.1%
October 10, 2022 by MMR
Costco, Q4
2022, Issue 10-10-2022, Issues
ISSAQUAH, Wash. — Costco Wholesale Corp. said foot traffic was up in its fourth quarter, and average tickets were bigger as the warehouse club’s members cope with inflation. Net sales increased 15.2% to $72.7 billion in the 16-week quarter ended August 28. Comparable-store sales rose nearly 14%, and digital sales were up 7.1%. For the