Fresh results were strong where it matters most. But the valuation question still looms.Last Thursday, Costco Wholesale (COST -2.92%) reported impressive fiscal fourth-quarter results, with both revenue and earnings per share exceeding expectations. The membership warehouse retailer continues to lean on a high-renewal, fee-driven model that makes its results unusually predictable, even when consumers are cautious. Shares were roughly flat in after-hours trading as investors weighed a premium valuation again ...

It's thriving right now, but the market didn't like its fourth-quarter report.Costco Wholesale (COST -2.92%) is known for being a perpetual market beater, but Costco stock is actually lagging the market this year, up only 3% while the S&P 500 is up 13%. The market gave the company's latest results a mediocre reception despite coming in ahead of forecasts for both sales and earnings and management giving an upbeat feeling about the future.Has Costco's sheen finally worn off? Here are five things you need to ...

Key Takeaways Costco's Q4 EPS of $5.87 beat estimates and rose from $5.15 a year ago.Revenues grew 8.1% to $86.2B, with comparable sales up 5.7% globally.Membership fees climbed 14% to $1.7B, with renewal rates above 89% worldwide.Costco Wholesale Corporation (COST) reported fourth-quarter fiscal 2025 results, wherein the top line marginally fell short of the Zacks Consensus Estimate, while the bottom line beat the same. Nonetheless, both revenues and earnings improved year over year, driven by robust membe ...

US stocks fell on Thursday for the third session in a row as Wall Street weighed an unexpected drop in jobless claims and a sharp upgrade in GDP growth, developments that complicate the outlook for rate cuts amid uncertainty about Federal Reserve policy. The Dow Jones Industrial Average (^DJI) dropped 0.4%, and the S&P 500 (^GSPC) lost roughly 0.5%. The tech-heavy Nasdaq Composite (^IXIC) also around 0.5%. Big Tech stocks took hits, with Oracle (ORCL) adding to recent losses and Tesla (TSLA) off over 4%. ...

Thursday, September 25, 2025Pre-market futures are still swimming in the red at this hour, even with a large amount of economic data hitting the tape better than expected. Market indexes are moving fairly rapidly, but currently we’re -70 points on the Dow, -28 on the S&P 500 and -145 points on the Nasdaq. Bond yields are ticking higher, notably on the 2-year: +3.66%; the 10-year is approaching +4.19%.Q2 GDP Revised Up Half a Percentage PointIn a very unusual move this morning, the third and final revision t ...

Costco's amazing business continues to justify a premium, even if the shares now look close to fully priced.Costco Wholesale (COST 0.01%) shares have been on a strong multiyear run, but have pulled back slightly recently, making it a good time to take a look at the stock.Investors will get to see the retailer's fiscal fourth-quarter results tomorrow. The company already reported net sales growth for the period of 8%, previewing what's likely to be another strong quarter for the wholesale retailer. The wareh ...

Costco Wholesale Corporation (NASDAQ:COST) is one of the 10 Unrivaled Stocks of the Next 3 Years. On September 5, Truist Securities reaffirmed its Hold rating on Costco Wholesale Corporation (NASDAQ:COST) with a price target of $1,042. This decision came after the company reported strong sales in August. In the US, Costco Wholesale Corporation (NASDAQ:COST) saw comparable sales rise by 6.7% in August, excluding the impacts from changes in gasoline prices and foreign exchange. This performance was a small ...

核心业绩表现 - 全球可比客流量在2025财年第三季度增长5.2%，美国地区增长5.5% [1] - 调整后可比客单价（剔除汽油价格和汇率影响）增长2.7% [3] - 在线销售额增长14.8%，网站流量攀升20% [4][9] - Costco Logistics大件商品配送量同比增长31% [4][9] 战略举措与运营优化 - 通过降低关键商品价格和延长加油站营业时间吸引更多消费者 [2] - 推广数字钱包使用并加快结账速度以缓解假日高峰拥堵 [2] - 提供"先买后付"等灵活支付方式增强数字渠道购物便利性 [4][9] 财务数据与估值指标 - 当前财年销售额预计增长8.1%至2749.7亿美元，每股收益预计增长11.6%至17.97美元 [11] - 下一财年销售额预计增长7.26%至2949.2亿美元，每股收益预计增长10.89%至19.92美元 [14][15] - 远期12个月市盈率为52.48倍，显著高于行业平均的31.72倍 [10] - 过去一年股价上涨7.3%，超越行业5.8%的涨幅 [8] 同业比较 - 沃尔玛2026财年第二季度美国可比销售额增长4.6%，电子商务销售额增长26% [5] - 塔吉特第二季度数字可比销售额增长4.3%，店内客流趋势显著改善 [6] - 零售行业假日客流竞争加剧，成为关键差异化因素 [7]

公司业绩表现 - 公司FQ3营收同比增长8% 超出市场预期和零售行业平均水平 美国同店销售增长7.9% 加拿大增长7.8% 其他国际市场增长5.5% [3] - 数字业务作为增长支柱同比增长15.7% 毛利率和运营利润率均同比扩大 净利润增长13%至19亿美元 [4] - 股价当前报1048.78美元 单日上涨3.97% 52周波动区间为793-1078.24美元 市盈率61.58倍 [1] 战略发展计划 - 重点投资数字化和仓库扩张 包括电商平台和仓库自动化 先买后付功能初期效果良好 [6] - 供应链调整聚焦本地化产品以应对关税影响 管理层对持续创造会员价值保持信心 [5] 股东回报政策 - 现金储备在2025财年增长40%至138.36亿美元 预计年底突破150亿美元 接近发放特别股息的标准 [8] - 最近一次2023年特别股息为每股15美元(约1.5%) 下次发放可能推迟至2026财年但金额可能更大 [9] - 常规股息收益率0.5% 股票回购规模微小 [7] 市场预期与估值 - 分析师12个月目标价平均1035.32美元(较现价低1.28%) 最高预测1225美元(潜在涨幅16.8%) [10] - 机构持股比例达70% 2025年保持净买入状态 技术面显示股价处于上升趋势 关键阻力位1050和1075美元 [11][13] 行业竞争地位 - 在零售业整体承压环境下仍实现强劲增长 客单价和客流量双升 表现优于竞争对手 [3] - 数字化增速远超整体营收增幅 持续投入将巩固线上竞争优势 [4][6]

公司业绩表现 - 公司第三季度销售额同比增长8%至632亿美元 超出市场预期的6314亿美元 [3] - 可比销售额增长6% 会员费收入从去年同期的112亿美元增至124亿美元 [3] - 第三季度每股收益428美元 同比增长13% 略高于市场预期的425美元 [3] - 公司股价在财报公布后上涨4% 年内累计涨幅达14% 过去三年涨幅超过120% [1] 电商与国际扩张 - 电商业务销售额第三季度增长15% 主要得益于Costco Logistics大宗配送服务 [5] - 本季度新增9个仓库 包括澳大利亚墨尔本搬迁站点 日本第37个仓库以及美国7个新网点 [4] - 计划在第四季度新增10个仓库 包括瑞典第二个仓库 韩国第20个仓库和加拿大第110个仓库 [4] 关税应对与供应链管理 - 公司在美国销售的商品中约三分之一为进口 其中来自中国的商品占比约8% [8] - 已采取措施提前采购夏季所需商品 并增加本地采购以降低关税影响 [8] - 管理层对应对关税挑战保持信心 承诺继续为会员提供优质服务和稳定价值 [6] 未来增长预期 - Zacks预计2025财年销售额将增长8% 2026财年再增7%至29405亿美元 [9] - 预计2025财年每股收益增长11% 2026财年再增10%至1976美元 [9] - 过去60天内2025和2026财年每股收益预期略有上调 显示增长轨迹更具吸引力 [11]