by Mike Duff | Dec 13, 2024 | Retail Articles
Costco posted another strong quarter with solid comparable sales and earnings increases as nonfoods revenue, including home furnishings, health and beauty aids, luggage and hardware, gained. Net income for the quarter was $1.8 billion, or $4.04 per diluted share,...
by Mike Duff | Dec 5, 2024 | Retail Articles
Costco Wholesale Corp. posted comparable gains for November and its first quarter, helped by positive non-food comps but impacted on the e-commerce side by a later Thanksgiving weekend. For the quarter ended November 24, comp sales, excluding the effect of fuel sales...
by Peter Giannetti | Oct 29, 2024 | Retail Articles
Walgreens shoppers surveyed by market researcher Numerator said they are prepared to switch to other drug chains and mass merchants if impacted by the planned closure of some 1,200 Walgreens stores. Walgreens recently reported it would close 1,200 underperforming...
by Mike Duff | Oct 10, 2024 | Retail Articles
Costco Wholesale Corp. posted net sales of $24.62 billion for the five-week fiscal month of September, up from $22.59 billion for the year-earlier period. Comparable sales, with the effects of gasoline price and foreign exchange volatility excluded, gained 9.3% in the...
by Mike Duff | Sep 27, 2024 | Retail Articles
In the fourth quarter, Costco Wholesale Corp. had strong results in home-oriented categories and beat a Wall Street estimate on earnings, although revenues didn’t meet expectations. For the 16-week fiscal fourth quarter, net income was $2.35 billion, or $5.29 per...
