Costco Wholesale Stock News

The average selling price per gallon was about 11% lower worldwide, weighing on same-store sales growth in August.

The bulk retailer's same-store sales were up 5% in August and 5.4% in its most recent quarter.

ISSAQUAH, Wash., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $19.83 billion for the retail month of August, the four weeks ended September 1, 2024, an increase of 7.1 percent from $18.51 billion last year.

A lot of chatter has been going on around the subject of the U.S. economic situation right now. On one side, some market participants think that the S&P 500 could keep on making new all-time highs, while others believe that a recession is about to unleash a major bear market.

Investors should look for companies that sell top products and services in their respective industries. Taking care of customers should lead to strong financial performance.

Costco (NASDAQ: COST) is scheduled to report its fiscal fourth-quarter results on Thursday, September 5 (Costco's fiscal year ends in August). We expect Costco stock to likely see little to no movement with revenues and earnings matching expectations in its fiscal fourth quarter.

24/7 Wall St. Insights For the first time in seven years, Costco Wholesale Corp.

Funds are buying Costco, Netflix, Deckers Outdoor and JPMorgan Chase amid market volatility.