News Formal

Costco stock lower following Q4 earnings, cautious consumer outlook

  • 📰 startelegram
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Sverige Nyheter Nyheter

Costco topped Street earnings forecasts, but a cautious consumer, and a lack of new price increases, is holding back gains for the bulk retailer heading into the opening bell.

shares moved lower in early Wednesday trading following the bulk retailer's stronger-than-expected fourth quarter earnings and solid membership sales.

Group net sales, Costco said, rose 9.5% to $78.94 billion, again topping analysts' forecasts of a $77.9 billion tally. Membership fees rose 13.7% to $1.509 billion. The group's overall gross margin was up 0.42% to 10.6%. Average daily transaction were down 3.9% in the U.S., and 4.5% worldwide over the quarter, Costco said, thanks in part to"weakness in bigger ticket nonfood discretionary items, as well as the gas price deflation."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 248. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Costco earnings top Wall Street estimates, but stock fallsCostco Wholesale Corp. shares slipped in the extended session Tuesday even after the membership warehouse chain reported quarterly results that topped Wall...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Costco earnings top Wall Street estimatesCostco Wholesale Corp. shares slipped in the extended session Tuesday even after the membership warehouse chain reported quarterly results that topped Wall...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Costco earnings: Can the retailer keep rolling as analysts speculate on membership-fee hike?Costco Wholesale Corp. reports fiscal fourth-quarter results after the close on Tuesday.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Costco earnings, United Natural Foods, new home sales: 3 things to watch By Investing.comCostco earnings, United Natural Foods, new home sales: 3 things to watch
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Costco tops quarterly earnings expectations, even as sales remain softCostco topped quarterly earnings and revenue expectations, even as sales trends at the membership club slowed.
Källa: NBCLA - 🏆 319. / 59 Läs mer »