Costco Wholesale (COST) is set to report its fiscal fourth-quarter 2025 earnings on Sept. 25 after the market closes. Many investors are focused on whether the company can uphold its membership model’s strength, manage margin pressures in the current retail environment, and continue pushing forward in e-commerce — all while navigating tariffs, supply-chain volatility, and changing consumer habits. Meanwhile, Costco’s August sales report posted on Sept. 4 was met positively by investors, triggering a multi ...

Shares have returned more than 700% in the last decade.With $62 billion in net sales in the fiscal 2025 third quarter (ended May 11), Costco Wholesale (COST 0.42%) is the world's third-biggest retailer. Only Walmart and Amazon are above it on the leaderboard. Costco is clearly a dominant force in the industry, and investors have been rewarded. Shares have generated a total return of 733% in the past decade (as of Sept. 10). Should you buy this blue chip stock right now? Scale creates an advantageThere is m ...

Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks to invest in before they split next. On September 5, Greg Melich from Evercore ISI kept a Buy rating on Costco, with a price target of $1,060. Evercore ISI’s sentiment was reiterated ahead of Costco’s Q4 2025 earnings report. In Q3 2025, Costco reported strong growth in both its top and bottom lines. Net sales increased by 8% to $61.96 billion, which was up from $57.39 billion in the prior year. Net income increased by over 13%, rising to $1. ...

核心观点 - 两家顶级成长股公司通过差异化战略实现持续增长 为股东创造长期财富价值[1] - Costco通过低价优质商品策略和会员制模式实现强劲业绩[3][4] - Amazon结合电商领导地位与云计算AI业务形成多元化增长引擎[8][10] Costco Wholesale业务分析 - 公司采用成本最小化和低价策略 最新财年销售额达2700亿美元[4] - 商品精选约4000个SKU（同业通常超30000个） 通过规模采购获得大额折扣[5] - 会员续费率持续超过90% 即使涨价后会员数量仍持续增长[6] - 提供高于同业的时薪员工薪酬福利 提升员工满意度和客户服务水平[5] Amazon业务布局 - 全球电商销售额预计从2024年64万亿美元增长至2030年123万亿美元[9] - AWS云计算业务过去12个月销售额1160亿美元 营业利润430亿美元 同比增长18%[11] - 与AI公司Anthropic深度合作 Claude模型在AWS上训练 推动云计算增长[11] - 数字广告业务增速超越Alphabet和Meta 预计五年内市场规模将翻倍至12万亿美元[12] 行业竞争地位 - Costco在全球拥有超过900家门店 采购能力随门店数量持续增长[4][7] - Amazon同时占据在线零售和云基础设施服务双领域领导地位[8][10] - 两家公司分别代表线下仓储式和线上电商零售的领先模式[8]

公司业绩与市场地位 - Costco过去五年每年均实现市场份额增长[2] - Kirkland Signature品牌年销售额约860亿美元 占Costco总销售额约三分之一[3] - 作为对比 Kroger多个自有品牌去年销售额320亿美元 约占其总销售额25%（不含燃油）[3] 品牌运营策略 - Kirkland Signature全球约600种产品 覆盖电池、宠物食品、葡萄酒、卫生纸等多个品类[4] - 热销产品包括鸡蛋、瓶装水和黄油等吸引消费者的高频采购商品[4] - 公司将质量置于首位 要求买家识别扩展机会且CEO需亲自审批每个新增产品[5] - 该品牌被视作与供应商谈判的重要工具[5] 行业对比特点 - 与多数零售商采用多品牌策略不同 Costco将所有自有品牌集中于Kirkland Signature单一品牌[6] - 多品牌策略可满足价值型、高端型和专业型等不同细分市场需求[6] - 最新自有品牌销售增长数据显示多品牌策略正在见效[6] 企业并购动态 - SpartanNash股东以超过82%的赞成票通过与C&S Wholesale Grocers合并计划[9]

核心业绩表现 - 8月总销售额同比增长87%至2156亿美元 去年同期为1983亿美元[3] - 可比销售额同比增长63% 其中美国市场增长61% 加拿大市场增长68% 其他国际市场增长67%[3] - 电子商务可比销售额大幅增长184% 成为业绩亮点[3] - 连续三个月保持增长态势 7月和6月销售额分别增长85%和8%[3] 业务模式优势 - 会员制模式提供稳定收入来源 高续约率体现客户忠诚度[2][4] - 高管会员数量持续扩张 更高会费贡献盈利能力[4] - 自有品牌Kirkland Signature成功融合质量与价格优势 支持利润率扩张[7] - 通过靠近关键市场的采购策略降低供应链成本[7] 运营与战略举措 - 数字化能力持续增强 投资电商平台和配送服务[5] - 推出"先买后付"等灵活支付选项 打造全渠道体验[5] - 大宗采购能力和高效供应链管理有效应对通胀压力[6] - 严格的成本控制使公司在保持竞争力的同时维持健康利润率[6] 财务预期与估值 - Zacks共识预期当前财年销售额和每股收益分别增长82%和116%[8] - 当前季度销售额预期8614亿美元 同比增长808%[10] - 当前季度每股收益预期579美元 同比增长1243%[11] - 远期市盈率4805倍 高于行业平均3095倍和标普500的2302倍[13] - 估值低于一年中位数5068倍[13] 但显著高于Target(1150倍)和Dollar General(1687倍)[14][16] 股价表现比较 - 年初至今股价上涨43% 略低于行业61%的涨幅[12] - 表现优于Ross Stores(下跌13%)和Target(下跌328%)[12] - 但逊于Dollar General的405%涨幅[12]

We recently published 15 Stocks Jim Cramer Discussed As He Said CEOs Were Afraid Of Hiring. Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer recently discussed. Costco Wholesale Corporation (NASDAQ:COST) is one of Jim Cramer’s most frequently discussed and top retail stocks. Throughout 2025, he has continued to praise the firm’s efforts to ensure that prices remain low for consumers. Costco Wholesale Corporation (NASDAQ:COST)’s shares have gained a modest 6.8% year-to-date as the ...

Key Takeaways Costco's Q4 net sales rose 8% to $84.4B, driven by broad comparable sales growth.E-commerce comparable sales jumped 13.6% in Q4, with August up an even stronger 18.4%.Costco closed fiscal 2025 with $269.9B in sales, up 8.1% despite economic headwinds.Costco Wholesale Corporation (COST) reported a robust financial performance for its fourth quarter of fiscal 2025 with net sales reaching $84.4 billion, an 8% increase from $78.2 billion last year. This growth was supported by strong comparable sa ...

Key Takeaways Costco's August comparable sales rose 6.3%, led by gains across U.S., Canada, and international.E-commerce comps surged 18.4% in August, building on double-digit gains in prior months.Net sales for August hit $21.56B, up 8.7% from $19.83B in the year-ago period.Costco Wholesale Corporation (COST) sustained its steady comparable sales growth in August, reflecting its ongoing strength with value-conscious consumers. The company’s competitive pricing and quality merchandise — available both in-st ...

黄金价格表现 - 周五黄金期货开盘价3672.8美元/盎司 较周四收盘价3636.9美元上涨1% [1] - 当日最高触及3695.5美元 接近历史高位 [1] - 周环比上涨2.9% 月环比上涨9.4% 年同比上涨45.2% [3] 价格驱动因素 - 8月CPI超预期增长0.4% 食品与汽油价格分别上涨0.5%和1.9% [2] - 市场预期美联储将因就业市场疲软而降息 低利率环境提升黄金相对吸引力 [2] - 央行需求增长与美国关税政策不确定性共同推高金价 [10] 机构观点与预测 - 高盛研究预测2025年底金价将达3700美元/盎司 较年初2633美元上涨40% [10] - 黄金ETF规模在美联储会议前持续扩张 [2] - 历史数据显示黄金存在明显周期特征 2009-2011年为增长期 随后经历9年盘整 [8] 投资渠道拓展 - 好市多自2023年起销售金条 后续增加银币与铂金条产品 [5][6] - 贵金属成为投资者多元化资产配置工具 [5] - 雅虎财经提供24/7金价追踪服务及超过150种筛选条件的股票筛选器 [4][11]