Costco Wholesale Corp (COST) Tops Q4 EPS by 2c; Comps Up 7%; to Raise Membership Prices
Tweet
Share
E-mail
Get Alerts COST Hot Sheet
Price: $951.35 -0.01%
Revenue Growth %: +9.6%
Financial Fact:
Preopening expenses: 24M
Today's EPS Names:
JFIN, KEQU, LASE, More
Revenue Growth %: +9.6%
Financial Fact:
Preopening expenses: 24M
Today's EPS Names:
JFIN, KEQU, LASE, More
Join SI Premium – FREE
Costco Wholesale Corp (NASDAQ: COST) reported Q4 EPS of $1.12, ex-items, $0.02 better than the analyst estimate of $1.10. Revenue for the quarter came in at $27.59 million versus the consensus estimate of $27.78 billion.
Comps up 7%.
The Company also announced that effective November 1, 2011, it will increase annual membership fees by $5 for U.S. Goldstar (individual), Business, Business add-on and Canada Business members. With this increase, all U.S. and Canada Goldstar, Business and Business add-on members will pay an annual fee of $55. Also effective November 1, U.S. and Canada Executive Membership annual fees will increase from $100 to $110, and the maximum 2% reward associated with Executive Membership will increase from $500 to $750. The fee increases will impact a little over 22 million members, roughly half of which are Executive Members.
Comps up 7%.
The Company also announced that effective November 1, 2011, it will increase annual membership fees by $5 for U.S. Goldstar (individual), Business, Business add-on and Canada Business members. With this increase, all U.S. and Canada Goldstar, Business and Business add-on members will pay an annual fee of $55. Also effective November 1, U.S. and Canada Executive Membership annual fees will increase from $100 to $110, and the maximum 2% reward associated with Executive Membership will increase from $500 to $750. The fee increases will impact a little over 22 million members, roughly half of which are Executive Members.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Starts Costco Wholesale (COST) at Neutral
- Accenture (ACN) Tops Q3 EPS by 8c, Misses on Revenue; Offers FY26 EPS Guidance
- Smith & Wesson Brands (SWBI) Tops Q4 EPS by 15c
Create E-mail Alert Related Categories
Earnings, Retail SalesSign 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!
