U.S. Markets closed

Free Research Report as Costco's Q3 Revenues Rose 12.1% Y-o-Y and Beat Expectations

LONDON, UK / ACCESSWIRE / June 28, 2018 / If you want access to our free earnings report on Costco Wholesale Corp. (NASDAQ: COST) ("Costco"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=COST. The Company released its financial results on May 31, 2018, for the third quarter of the fiscal year 2018 (Q3 FY18). The Company reported a growth of 12.1% in its net sales in Q3 FY18, beating analysts' forecasts. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Costco Wholesale most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=COST

Earnings Highlights and Summary

Costco reported total revenues of $32.36 billion in Q3 FY18, which came in above the $28.86 billion recorded in Q3 FY17. The Company's total revenue numbers for the reported quarter topped market forecasts of $31.77 billion. The Company's quarterly net sales came in at $31.62 billion versus $28.22 billion in the year ago same period. Moreover, the Company received membership fees of $737 million in Q3 FY18, rising from $644 million in Q3 FY17.

The warehouse club retailer's net income attributable to common shareholders increased to $750 million, or $1.70 per diluted share, in Q3 FY18 from $700 million, or $1.59 per diluted share, in Q3 FY17. Meanwhile, Wall Street had expected the Company to report a net income of $1.68 per diluted share in Q3 FY18.

At the end of the third quarter in FY18, the Company operated 750 warehouses, with 520 in the United States and Puerto Rico; 98 in Canada; 38 in Mexico; 28 in the United Kingdom; 26 in Japan; 14 in Korea; 13 in Taiwan; 9 in Australia; 2 in Spain; and 1 in France.

Operating Metrics

For the reported quarter, the Issaquah, Washington-based Company's merchandise costs were $28.13 billion compared to $24.97 billion in Q3 FY17. The Company's selling, general, and administrative expenses (SG&A) also increased to $3.16 billion during Q3 FY18 from $2.91 billion in the last year's same quarter. Costco's operating income came in at $1.07 billion in Q3 FY18 versus $0.97 million in Q3 FY17.

Cash Matters and Balance Sheet

For the three quarters ended May 13, 2018, the Company generated net cash from its operating activities of $4.22 billion compared to $4.89 billion in Q3 FY17. Costco had cash and cash equivalents worth $5.88 billion at the close of its books on May 13, 2018, versus $4.55 billion as on September 03, 2017. The Company decreased its long-term debt during the fiscal year, which stood at $6.49 billion as on May 13, 2018, compared to $6.57 billion as on September 03, 2017. The Company had merchandise inventories to the tune of $10.63 billion as on May 13, 2018, versus $9.83 billion as on September 03, 2017.

Stock Performance Snapshot

June 27, 2018 - At Wednesday's closing bell, Costco Wholesale's stock slightly declined 0.03%, ending the trading session at $210.03.

Volume traded for the day: 1.89 million shares.

Stock performance in the last month – up 6.76%; previous three-month period – up 14.39%; past twelve-month period – up 31.88%; and year-to-date – up 12.85%

After yesterday's close, Costco Wholesale's market cap was at $92.15 billion.

Price to Earnings (P/E) ratio was at 32.20.

The stock has a dividend yield of 1.09%.

The stock is part of the Services sector, categorized under the Discount, Variety Stores industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors