Costco’s Earnings Miss Estimates

Costco (NASDAQ:COST) reported earnings of $1.08 per share on $281.18 in revenue.  Its reported earnings were less than analysts’ expectations of $1.10 per share, though its revenue beat their estimate of $27.84 billion.  Same store sales grew 12% as compared to estimates of 10%.  Gross margins declined 3.4% to 10.5% of sales.  See Costco Earnings Cheat Sheet here.

Following is some information about Costco’s stock price performance, and that of its competitors:

  • Costco Wholesale Corporation (NASDAQ:COST): The shares recently traded at $80.98, down $0.7, or 0.82%, on the day.  The shares have traded in a 52-week range of $61.90 to $86.34 and its market capitalization is $35.43 billion.  About the company: Costco Wholesale Corporation operates wholesale membership warehouses in multiple countries.  The Company sells all kinds of food, automotive supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, health and beauty aids, as well as other goods.
  • Target Corporation (NYSE:TGT): The shares recently traded at $49.43, down $0.04, or 0.08%, on the day.  The shares have traded in a 52-week range of $45.28 to $60.97 and its market capitalization is $33.42 billion.  About the company: Target Corporation operates general merchandise discount stores in the United States.  The Company’s merchandising operations include general merchandise and food discount stores and a fully integrated online business.  Target also offers credit to qualified applicants through its branded proprietary credit cards.
  • Wal-Mart Stores, Inc. (NYSE:WMT): The shares recently traded at $52.80, down $0.08, or 0.15%, on the day.  The shares have traded in a 52-week range of $48.31 to $57.90 and its market capitalization is $181.95 billion.  About the company: Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets.  The Company’s discount stores and supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware.  Walmart’s markets offer a full-line supermarket and a limited assortment of general merchandise.  The Company operates nationally and internationally.
  • PriceSmart, Inc. (NASDAQ:PSMT): The shares recently traded at $66.12, up $4.69, or 7.63%, on the day.  The shares have traded in a 52-week range of $28.78 to $75.16 and its market capitalization is $1.97 billion. About the company: PriceSmart, Inc, owns and manages international merchandising businesses.  The Company licenses and owns membership stores using the trade name PriceSmart and PriceCostco.  PriceSmart’s international market consists of Latin America and Asia.  The Company also operates domestic merchandising programs, including its Auto Referral Program and its Travel Program.

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