|Bid||47.25 x 800|
|Ask||52.40 x 800|
|Day's Range||48.70 - 51.75|
|52 Week Range||5.60 - 51.75|
|Beta (5Y Monthly)||2.63|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 18, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 30, 2020|
|1y Target Est||39.60|
Costco (COST) will boost its minimum wage by $1 to $16 starting next week, the membership warehouse retailer's CEO said on Thursday during a Senate panel hearing.
Costco Wholesale Corp. Chief Executive Craig Jelinek announced Thursday that the warehouse retailer will raise the minimum wage for its U.S. workers to $16 per hour. "Two years ago we moved our starting hourly wage to $15 everywhere in the US, effective next week, the starting wage will go to $16," Jelinek said at a Senate hearing on minimum wage. Costco joins Signet Jewelers Ltd. , which also announced on Thursday that it will be raising its minimum wage to $15. Costco shares have gained 11.3% over the last year while the S&P 500 index is up 24.6% for the period. Additional reporting by Elisabeth Buchwald
Signet Jewelers Ltd. , which retail brands include Kay Jewelers, Zales and Jared, said Thursday it was raising its minimum wage for all U.S. employees to $15 an hour, with the new wages fully rolled out by the spring of 2022. The new wages will cover all full-time and part-time employees, and for all new roles such as virtual jewelry consultants. "As we enter the next phase of our Path to Brilliance, we do so with the firm belief that businesses that prioritize their team will deliver better results by unlocking even more innovation," said Chief Executive Gina Drosos. The jewelry retailer's stock 3.3% in morning trading to the highest price seen during regular-session hours since December 2018. It has soared 62.7% over the past three months, while the S&P 500 has gained 8.1%.