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5 Big Takeaways From Costco's Earnings Report [The Motley Fool]
Last costco wholesale corporation earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
Investors had a few reasons to be optimistic heading into Costco Wholesale ( NASDAQ:COST Here are a few takeaways from that report. Image source: Getty Images. . Sales gains There were no worries about sales growth in the second quarter of fiscal 00, as comparable-store sales Walmart Target Costco's same-store growth in the U.S. was slightly exaggerated by timing shifts for major shopping days around Thanksgiving. Yet the company still managed market-thumping demand, with customer traffic jumping 6%. . Subscriber updates Subscriber trends were strong, with overall cardholders rising about % to 00.9 million worldwide. Costco's renewal rate was 90.9%, unchanged from last quarter and holding at a record high for the business. The bigger base and higher average annual rates combined to push membership fee income up to $86 million from $768 million a year ago. . Price cuts Management noted retailer . Digital wins Costco reported 8% higher sales from the e-commerce business, and that figure
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- 11/7/24 - Form 8-K
- 10/24/24 - Form 4
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