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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:


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:


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.


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SOURCE: Active-Investors