Costco Wholesale (COST) Misses Q2 EPS by 19c, Increases Annual Membership Fees
- Wall Street ends sharply higher, led by surging Dow
- Sanderson Farms (SAFM) Explores Sale - Report
- Amazon (AMZN) in Talks to Acquire Stake in Self-Driving Truck Startup Plus: Report
- Dollar dips after Fed rally, Bitcoin slumps
- 5 Companies Set to Hike Their Dividend Over the Next Few Weeks, 3 Dividend Aristocrats
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
(Updated - March 2, 2017 4:17 PM EST)
Costco Wholesale (NASDAQ: COST) reported Q2 EPS of $1.17, $0.19 worse than the analyst estimate of $1.36. Revenue for the quarter came in at $29.13 billion versus the consensus estimate of $29.86 billion.
Comparable sales for these periods excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
|12 Weeks||24 Weeks|
The Company also announced that, effective June 1, 2017, it will increase annual membership fees by $5 for U.S. and Canada Goldstar (individual), Business, and Business add-on members (“Primary” Members). With this increase, all U.S. and Canada Goldstar, Business and Business add-on members will pay an annual fee of $60. Also effective June 1, annual fees for Executive Memberships in the U.S. and Canada will increase from $110 to $120 (Primary membership of $60, plus the Executive upgrade of $60), and the maximum annual 2% reward associated with the Executive Membership will increase from $750 to $1,000. The fee increases will impact around 35 million members, roughly half of them Executive Members.
For earnings history and earnings-related data on Costco Wholesale (COST) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nutrien (NTR) Raises 1st-Half Guidance
- Alaska Air Group (ALK) sees improved Q2 cash flow from operations
- U.S. Steel (X) Q2 EPS Guidance Tops Consensus
Create E-mail Alert Related CategoriesCorporate News, Earnings, Guidance, Hot Earnings, Hot Guidance
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!