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Last $149.54 USD
Change Today -1.62 / -1.07%
Volume 3.0M
As of 8:10 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

costco wholesale corp (COST) Key Developments

Costco Wholesale Corporation Announces Earnings Results for the Second Quarter and Six Months Ended February 15, 2015; Announces Sales Results for the Four Weeks and Twenty-Six Weeks Period Ended March 1, 2015; Provides CapEx Guidance for the Year 2015

Costco Wholesale Corporation announced earnings results for the second quarter and six months ended February 15, 2015. For the quarter, the company announced total revenue of $27,454 million compared to $26,306 million for the same period a year ago. Operating income was $877 million compared to $724 million for the same period a year ago. Income before income taxes was $870 million compared to $728 million for the same period a year ago. Net income including non-controlling interests was $607 million compared to $473 million for the same period a year ago. Net income attributable to the company was $598 million compared to $463 million for the same period a year ago. Net income per common share attributable to the company, diluted was $1.35 compared to $1.05 for the same period a year ago. Net income was negatively impacted by a $14 million ($0.03 per diluted share) tax charge relating to an ongoing income tax matter. CapEx was $619 million. For the six months, the company announced total revenue of $54,320 million compared to $51,323 million for the same period a year ago. Operating income was $1,647 million compared to $1,392 million for the same period a year ago. Income before income taxes was $1,649 million compared to $1,387 million for the same period a year ago. Net income including non-controlling interests was $1,112 million compared to $904 million for the same period a year ago. Net income attributable to the company was $1,094 million compared to $888 million for the same period a year ago. Net income per common share attributable to the company, diluted was $2.47 compared to $2.01 for the same period a year ago. CapEx was $1.2 billion. The company announced sales results for the four weeks and twenty-six weeks period ended March 1, 2015. For the four-week reporting month of February ended March 1, 2015, the company reported net sales of $8.18 billion, an increase of 4% from $7.90 billion during the similar four-week period last year. For the twenty-six week year-to-date period ended March 1, 2015, net sales were $57.19 billion, an increase of 5% from $54.22 billion during the similar twenty-six week period last year. For the year 2015, the company expects CapEx to be somewhere in the $2.5 billion to $2.7 billion range, which is up from $2.0 billion last year.

Costco Wholesale Corporation Announces Debt Offering

Costco Wholesale Corporation announced the pricing of its offering of $1.0 billion aggregate principal amount of senior unsecured notes. The notes consist of the tranches of $500 million principal amount of 1.75% Senior Notes due February 15, 2020 and $500 million principal amount of 2.25% Senior Notes due February 15, 2022. The company intends to use the net proceeds from the offering and existing cash to pay the previously announced special cash dividend on its common stock of approximately $2.2 billion or $5.00 per share. The special dividend is payable on February 27, 2015, to shareholders of record at the close of business on February 9, 2015. The offering is expected to close on February 17, 2015, subject to customary closing conditions.

Costco Wholesale Corporation Approves Amendments to Articles of Incorporation

Costco Wholesale Corporation announced that it has approved amendments to the articles of incorporation to reduce the voting standard for removal of directors for cause, at its AGM held on January 29, 2015.

Costco Wholesale Corporation - Pre Recorded Sales/ Trading Statement Call

Costco Wholesale Corporation - Pre Recorded Sales/ Trading Statement Call

Costco Wholesale Corporation Reports Sales Results for the Month, Four Weeks and Twenty-Two Weeks Ended February 1, 2015

Costco Wholesale Corporation reported sales results for the month, four weeks and twenty-two weeks ended February 1, 2015. The company reported net sales of $8.16 billion for the month of January. The four weeks ended February 1, 2015, net sales increased 2% from $7.99 billion during the similar period last year. For the twenty-two weeks ended February 1, 2015, the company reported net sales of $49.01 billion, an increase of 6% from $46.32 billion during the similar period last year.

 

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