Costco delivered strong quarterly revenue as shoppers turned to the wholesale club to deliver value in the face of high prices elsewhere.
Costco's strategy is to attempt to open 25-30 new locations each year, typically with half of them in the U.S. and the other half in international markets, chief financial officer Gary Millerchip said Thursday. If openings go as scheduled, the company will open 25 during the current fiscal year, which ends Aug. 31.
Costco Wholesale missed Wall Street expectations for second-quarter profit on Thursday, hurt by rising merchandise costs.
Costco reported mixed results for its fiscal second quarter as shoppers remain cautious about their spending. Adjusted earnings per share came in at $4.02, compared to Bloomberg c
Costco reports results on Thursday. Analysts say the firm's choice to stick with DEI efforts could sway different consumers in different ways.
Basically, when you examine Costco's valuation you can only come away with one take -- the stock is historically expensive. Yes, it is a good company, but it probably isn't a good stock to buy right now.
Michael Reesby is a Costco fan — he loves the prices, selection and checkout efficiency of the bulk discount retailer. Reesby also loves the wide span of goods sold there, from apparel to groceries, and the sizes — being able to purchase larger-than-average packages of provisions and loading them into big baskets.
Costco has expanded its gas station hours across the country. Members are hoping the new hours will reduce lines at the pump.
In addition to gold bars and coins, Costco offers a limited selection of precious metals online, including silver and platinum. You can buy the 2024 one-ounce PAMP American Buffalo silver round in sets of 20. Customer satisfaction is high, with 788 reviews giving the coins an average rating of 4.8 out of 5 stars.