|Bid||3,214.70 x 300|
|Ask||3,428.24 x 100|
|Day's Range||3,293.00 - 3,297.00|
|52 Week Range||2,637.00 - 3,602.67|
|PE Ratio (TTM)||607.54|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Costco’s latest better-than-expected earnings report shows the strength of the company versus the retail competition
Costco Wholesale (COST) reported a healthy top-line growth that significantly boosted its margins in fiscal 3Q17.
Costco Wholesale has been increasing inventory for e-commerce products and added 12 fulfillment centers for online orders over the last year to help get items to shoppers more quickly. While online is still a small percentage of Costco's overall sales – it's on track to make up just 3.5 percent, or about $4 billion, this fiscal year – Chief Financial Officer Richard Galanti said the company has been working on growing that business. "We are spending less on freight," Galanti said about the increase from seven to 19 e-commerce fulfillment centers during a conference call with analysts to discuss third quarter financial results .