WRAPUP 2-Costco profit just misses view; Big Lots tops
* Costco Q3 EPS $0.52 vs Wall Street view $0.53
* Costco sales down about 5 pct ex membership fees
* Big Lots Q1 EPS $0.44 vs. Street view $0.40
* Big Lots ups full-year forecast
* Costco shares fall 4.5 pct; Big Lots down 3.3 pct (Adds analyst, exec quotes, byline, updates [...]
Costco net falls on weak discretionary spending
(Reuters) – Costco Wholesale Corp on Thursday said its third-quarter net profit fell 29 percent, as shoppers stuck to buying basics like food and medicine, and pared back discretionary purchases of clothes or jewelry.
Costco, the No.1 U.S. warehouse club, said its profit was $209.6 million, or 48 cents a share, for its fiscal third quarter [...]
Costco faces Calif. lawsuit over after-hours wages
CHICAGO, May 15 (Reuters) – A California worker on Friday sued Costco Wholesale Corp (COST.O), alleging that the discount club operator forces workers to stay at its stores after hours without pay while supervisors complete closing activities.
The lawsuit, which seeks class action status, was filed in California Superior Court in San Diego. The [...]
Costco March same-store sales down
(Reuters) – Costco Wholesale Corp said March sales at stores open at least a year fell 5 percent on weakness in non-food categories and lower gasoline prices.
Analysts, on average, expected same-store sales at the largest U.S. warehouse club to fall 1.7 percent, according to Thomson Reuters data. A year ago, Costco’s March same-store sales rose [...]
Costco March same-store sales down
(Reuters) – Costco Wholesale Corp said March sales at stores open at least a year fell 5 percent on weakness in non-food categories and lower gasoline prices.
Analysts, on average, expected same-store sales at the largest U.S. warehouse club to fall 1.7 percent, according to Thomson Reuters data. A year ago, Costco’s March same-store sales rose [...]
UPDATE 1-Costco March same-store sales down 5 pct
* March total sales down 3 percent
* Blames non-food weakness, lower gasoline prices (Adds details)
April 9 (Reuters) – Costco Wholesale Corp (COST.O) said March sales at stores open at least a year fell 5 percent on weakness in non-food categories and lower gasoline prices.
Analysts, on average, expected same-store sales at [...]
UPDATE 1-Costco March same-store sales down 5 pct
* March total sales down 3 percent
* Blames non-food weakness, lower gasoline prices (Adds details)
April 9 (Reuters) – Costco Wholesale Corp (COST.O) said March sales at stores open at least a year fell 5 percent on weakness in non-food categories and lower gasoline prices.
Analysts, on average, expected same-store sales at [...]
UPDATE 5-Costco profit up a bit, to cut prices to win sales
* Q1 adjusted EPS $0.65 vs analysts’ view $0.62
* Warns Q2 Wall St EPS view $0.75 on high side
* Says hard to predict full year EPS
* Shares down 1.5 percent (Recasts, adds stock price, company comments)
By Nicole Maestri
NEW YORK, Dec 11 (Reuters) – Costco Wholesale Corp’s (COST.O: Quote, [...]
Costco profit up a bit, to cut prices to win sales
By Nicole Maestri
NEW YORK (Reuters) – Costco Wholesale Corp’s (COST.O: Quote, Profile, Research, Stock Buzz) quarterly profit rose slightly as strong results from its gasoline stations helped to offset weak consumer demand for all but the most essential household items.
The warehouse club operator on Thursday also said Wall Street estimates for earnings in its current [...]
UPDATE 5-Costco profit up a bit, to cut prices to win sales
* Q1 adjusted EPS $0.65 vs analysts’ view $0.62
* Warns Q2 Wall St EPS view $0.75 on high side
* Says hard to predict full year EPS
* Shares down 1.5 percent (Recasts, adds stock price, company comments)
By Nicole Maestri
NEW YORK, Dec 11 (Reuters) – Costco Wholesale Corp’s (COST.O: Quote, [...]