CSIMarket
 
Costco Wholesale Corp  (COST)
Other Ticker:  
 
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 
Price: $715.4600 $5.95 0.839%
Day's High: $718.26 Week Perf: -0.07 %
Day's Low: $ 706.17 30 Day Perf: -2.28 %
Volume (M): 1,437 52 Wk High: $ 787.08
Volume (M$): $ 1,028,188 52 Wk Avg: $602.75
Open: $714.86 52 Wk Low: $476.75



 Market Capitalization (Millions $) 318,204
 Shares Outstanding (Millions) 445
 Employees 304,000
 Revenues (TTM) (Millions $) 248,828
 Net Income (TTM) (Millions $) 6,794
 Cash Flow (TTM) (Millions $) -3,398
 Capital Exp. (TTM) (Millions $) 3,627

Costco Wholesale Corp
Costco operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover, when combined with the operating efficiencies achieved by volume purchasing, efficient distribution and reduced handling of merchandise in no-frills, self-service warehouse facilities, enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.

Costco buys nearly all of its merchandise directly from manufacturers for shipment either directly to Costco's selling warehouses or to a consolidation point ('depot') where various shipments are combined so as to minimize freight and handling costs. As a result, Costco eliminates many of the costs associated with multiple step distribution channels, which include purchasing from distributors as opposed to manufacturers, use of central receiving, storing and distributing warehouses, and storage of merchandise in locations off the sales floor. By providing this more cost-effective means of distributing goods, Costco meets the needs of business customers who otherwise would pay a premium for small purchases and for the distribution services of traditional wholesalers, and who cannot otherwise obtain the full range of their product requirements from any single source. In addition, these business members will often combine personal shopping with their business purchases. The cost savings on brand name and selected private label merchandise are the primary motivation for individuals shopping for their personal needs. Costco's merchandise selection is designed to appeal to both the business and consumer requirements of its members by offering a wide range of nationally branded and selected private label products, often in case, carton or multiple-pack quantities, at attractively low prices.

Because of its high sales volume and rapid inventory turnover, Costco generally has the opportunity to receive cash from the sale of a substantial portion of its inventory at mature warehouse operations before it is required to pay all its merchandise vendors, even though Costco takes advantage of early payment terms to obtain payment discounts. As sales in a given warehouse increase and inventory turnover becomes more rapid, a greater percentage of the inventory is financed through payment terms provided by vendors rather than by working capital.

Costco's typical warehouse format averages approximately 139,000 square feet. Floor plans are designed for economy and efficiency in the use of selling space, in the handling of merchandise and in the control of inventory. Because shoppers are attracted principally by the availability of low prices on brand name and selected private label goods, Costco's warehouses need not be located on prime commercial real estate sites or have elaborate facilities.

By strictly controlling the entrances and exits of its warehouses and using a membership format, Costco has been able to limit inventory losses to approximately two-tenths of one percent of net sales'well below those of typical discount retail operations. Losses associated with dishonored checks have also been minimal and bank information from business members is verified prior to establishing a check purchase limit. Members are identified and prevented from cashing checks at the point of sale when they have presented dishonored checks to Costco.

Costco's merchandising strategy is to provide the customer with a broad range of high quality merchandise at prices consistently lower than could be obtained through traditional wholesalers, discount retailers or supermarkets. An important element of this strategy is to carry only those products on which Costco can provide its members significant cost savings.

Competition

The Company operates in the rapidly changing and highly competitive merchandising industry. When The Price Company pioneered the membership warehouse club concept in 1976, the dominant companies selling comparable lines of merchandise were department stores, grocery stores and traditional wholesalers. Since then, new merchandising concepts and aggressive marketing techniques have led to a more intense and focused competitive environment. Wal-Mart has become the largest retailer in the United States (and the world) and has expanded further into various food merchandising formats. Target has also emerged as a significant retail competitor. Approximately 1,050 warehouse club locations exist across the U.S. and Canada, including the 370 warehouses operated by the Company in North America; and every major metropolitan area has one, if not several, club operations. Low-cost operators selling a single category or narrow range of merchandise, such as Home Depot, Office Depot, PetSmart, Toys-R-Us, Circuit City and Barnes & Noble, have significant market share in their respective categories. New forms of retailing involving modern technology are boosting sales in certain stores, while home shopping and electronic commerce over the Internet is becoming increasingly popular. Likewise, in the institutional food business, companies such as Smart & Final, which operates predominately in California, Washington, Oregon, Florida and Arizona, are capturing an increasingly greater share of the institutional food business from wholesale operators and others.



   Company Address: 999 Lake Drive Issaquah 98027 WA
   Company Phone Number: 313-8100   Stock Exchange / Ticker: NASDAQ COST
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BSET   -3.2%    
MLKN        4.03% 
SCS        2.87% 
• View Complete Report
   



Dividend

Costco's Remarkable March Sales Surge Illuminates Resilience Amidst Economic Uncertainty

Published Wed, Apr 10 2024 8:15 PM UTC

Costco Achieves Impressive Sales Growth in March, Reflecting Strong Consumer Demand
In a press release issued today, Costco Wholesale Corporation (Costco or the Company) announced a remarkable increase in net sales for the retail month of March. With sales reaching a staggering $23.48 billion, the company experienced a notable surge of 9.4 percent compared to the same pe...

Product Service News

Costco Wholesale Corporation Celebrates Momentum: Records Astounding Sales and Revenue Growth for January 2024

Published Wed, Feb 7 2024 9:15 PM UTC

Costco Wholesale Corporation Flaunts Remarkable Revenue Growth for January 2024ISSAQUAH, Wash., Feb. 07, 2024 ?? Costco Wholesale Corporation (Costco or the Company) (Nasdaq: COST) released a press statement today sharing its impressive financial results for the retail month of January 2024, ending on February 4th. Revealing a staggering net sales figure of $22.08 billion, t...

Management Changes

Costco Wholesale Corporation Announces CFO Succession Plan, Gary Millerchip Takes Over from Richard Galanti

Published Tue, Feb 6 2024 1:30 PM UTC



In a significant leadership transition, Costco Wholesale Corporation (Costco) has announced that Richard Galanti, the company's Chief Financial Officer (CFO), will be stepping down from his role effective March 15, 2024. Costco's Board of Directors has named Gary Millerchip as the new Executive Vice President and CFO, a move that highlights the company's commitment...

Costco Wholesale Corp

Costco Wholesale Corp Achieves Impressive 6.176% Revenue Growth in Q1 2024

Costco Wholesale Corp, a leading retail company, has reported strong financial results for the financial period ending November 26, 2023. The company saw a 6.176% increase in revenue, reaching $57.80 billion compared to $54.44 billion in the previous year.
One of the key highlights of Costco's financial performance is the growth in income, which surged by 16.61% to $3.58 per share. This is a significant improvement from the $3.07 per share recorded in the prior year reporting period. These numbers indicate a positive trend for Costco, outperforming many other companies in the wholesale sector.

Product Service News

Costco Wholesale Corporation Continues Strong Growth with Impressive December Sales Results

Published Thu, Jan 4 2024 9:15 PM UTC

In the rapidly evolving landscape of retail, Costco Wholesale Corporation stands out as a shining example of success. With a commitment to providing high-quality products at affordable prices, and an unwavering focus on customer satisfaction, Costco has consistently outperformed its competitors. The December sales results for 2023 showcase yet another impressive performance,...






 

Costco Wholesale's Segments
 
United States
 Segment     of total Revenue
Canada
 Segment     of total Revenue
Other International
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Costco Wholesale does not provide revenue guidance.

Earnings Outlook
Costco Wholesale Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Canada
Other International




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com