Costco Wholesale Corporation’s (NASDAQ: COST) same-store sales rose more-than-expected in June. The discount retailer said that sales for the five week period ended July 7 rose 6% (after including the impact of rise in fuel prices and foreign exchange fluctuations). The Wall Street’s analysts had a consensus forecast for 5.4% growth in same-store-sales, according to a data compiled by Thomson Reuters.
Continue reading Costco Same-Store Sales Rose More Than Expected in June (COST)
Costco Wholesale Corp. (NASDAQ: COST) reported on Thursday that fiscal third quarter profit rose 19% as its top line was boosted by robust growth in comparable-store-sales.
Continue reading Costco Q3 Profit Rises 19% as Comparable Sales Jump 7% (COST)
Shares of VeriFone Systems Inc. (NYSE: PAY) gained on Tuesday after the card payment machine maker said that its CEO Douglas Bergeron will step down from his position. Bergeron, who served as the CEO for VeriFone for last 12 years, will be replaced by current chairman Richard McGinn on an interim basis. The Company said that it has formed a committee to find Bergeron’s successor.
Continue reading Major Movers on March 12; PAY, URBN, YUM, COST, AAPL, RHT
Costco Wholesale Corporation (NASDAQ: COST) reported that fiscal second-quarter earnings climbed 39% year-on-year as customers in the backdrop of macroeconomic uncertainty preferred making bulk purchases from its warehouses.
Continue reading Costco Wholesale Corp’s Q2 Revenue Jumps 8.3%, Edge Past Street’s Estimates (COST)
America’s largest warehouse club chain, Costco Wholesale Corp. (NASDAQ: COST) reported better-than-expected fiscal first quarter earnings thanks to soaring revenue from membership fees and strong growth in same-store-sales; nevertheless, revenue fell short of Street’s estimate.
Continue reading Costco Reports 30 Percent Jump in Net Profit (COST)