Costco stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, Analyst Forecast, what’s New, Updates And Everything To Know
About Costco:
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- Costco Wholesale Corporation operates membership warehouses across various countries, including the United States, Canada, Mexico, Japan, the United Kingdom, and more.
- They offer a wide range of branded and also private-label products across merchandise categories, including groceries, electronics, apparel, furniture, and more.
- Services provided by Costco include gasoline stations, pharmacies, optical centers, food courts, and also tire installation centers.
Founders:
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- Costco was founded in 1976 by James Sinegal and Jeffrey Brotman.
Leadership:
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- CEO: W. Craig Jelinek
- Also CFO: Richard A. Galanti
Key Financials
- Stock Symbol: COST
- Also Current Stock Price: $846.40 USD
- Market Cap: $375.24 billion USD
- 52-Week Range: $518.76 – $896.67
- Also PE Ratio (TTM): 52.47
- Dividend Yield: 0.55%
Business Overview
- Costco offers a wide range of branded and private-label products across merchandise categories:
- From groceries and electronics to apparel and furniture.
- Services include gasoline, pharmacies, optical centers, and also food courts.
- The company operates globally, with warehouses in the United States, Canada, Mexico, Japan, the United Kingdom, and more.
Notable Achievements
- Costco consistently ranks among the largest retailers globally.
- Its membership model drives customer loyalty and also recurring revenue.
- The company’s commitment to quality and also value resonates with consumers.
Recent News
- Costco recently announced a membership fee hike, the first since 2017. This move reflects its continued growth and investment in services.
Recent financial results:
- For the retail month of June, which ended on July 7, 2024:
- Net sales were $24.48 billion, representing a 7.4% increase compared to the same period last year.
- Comparable sales growth across various regions:
- U.S.: 5.6%
- Canada: 5.2%
- Also Other International: 4.3%
- Total Company: 5.3%
- E-commerce sales growth: 18.4%
- Also For the first 44 weeks of the fiscal year:
- Net sales were $210.55 billion, up 6.9% from the previous year.
- Comparable sales growth (excluding gasoline price and also foreign exchange impacts):
- U.S.: 6.3%
- Canada: 8.4%
- Also Other International: 8.7%
- Total Company: 6.9%
- E-commerce sales growth: 19.1%
- The company also announced a quarterly cash dividend of $1.16 per share payable on August 9, 2024.
- Additionally, Costco plans to increase annual membership fees in the U.S. and Canada, impacting around 52 million memberships. For Executive Memberships, the maximum annual 2% Reward will increase from $1,000 to $1,250.
Costco Wholesale Corporation remains a retail powerhouse, offering value, convenience, and also a unique shopping experience to millions of members worldwide. As the retail landscape evolves, Costco’s ability to adapt and innovate will be crucial to its continued success.
