Latest from Alacra Pulse
Analyst Comment by
Morgan Stanley
11:07 ET May 21, 2012
Morgan Stanley reiterates Overweight rating on Costco Wholesale Corporation.
In a report published earlier today, Morgan Stanley reiterated its Overweight rating for Costco Wholesale Corporation ( NASDAQ: COST), but did not name a price target..
Benzinga: Morgan Stanley Reiterates Overweight Rating for Costco
Benzinga: Morgan Stanley Reiterates Overweight Rating for Costco
Analyst Comment by
Zacks Investment Research
09:49 ET May 21, 2012
Costco Wholesale Corporation ( COST , Analyst Report ), one of the leading U. S warehouse club operators, is slated to report its third quarter 2012 financial results on Thursday, May 24. The current Zacks Consensus Estimate for the quarter is 87 cents a share that reflects a growth of 8.8% from the prior year quarter's earnings. The estimates in the current Zacks Consensus range between a low of 81 cents and a high of 90 cents a share.
Zacks - Analyst Blog: Earnings Preview: Costco - Analyst Blog
Zacks - Analyst Blog: Earnings Preview: Costco - Analyst Blog
Chief Pulse Comment by Ginnie M Roeglin
May 19, 2012
We're moving to a new platform that will be structured in a way to be picked up by search engines.". Roeglin said the chain is exploring social media but has not dedicated much money or other resources to it, because it is focused on Costco's core business and keeping costs down. Holding down expenses is one reason Costco.com has been profitable since its first year in business, a rarity in online retailing. The chain went online in November 1998, three years after Amazon
the Richmond Times-Dispatch: Biz to Go: Costco hastens to catch up in e-commerce
the Richmond Times-Dispatch: Biz to Go: Costco hastens to catch up in e-commerce
Chief Pulse Comment by Jeffrey H Brotman
May 18, 2012
Although the 148,000 square foot project still needs design approval from the City Planning Commission and the City Council, officials in Mayor Mitch Landrieu's administration said Wednesday they are hopeful that those steps will be formalities as all parties work toward a mid 2013 opening. Costco Chairman Jeff Brotman said his company is "thrilled" to be planting its flag in New Orleans. "We've seen firsthand the resilience of its residents, and we are excited about contributing to the area's revitalization," Brotman said in a statement. Costco, which has a record of providing some of the best wages and benefits in the retail sector, plans to employ as many as 200 workers, about half of them full time
The Advocate RSS Feed: Business briefs for May 18, 2012
The Advocate RSS Feed: Business briefs for May 18, 2012
Analyst Comment by
Trefis
May 15, 2012
Costco ( NASDAQ:COST), the world's largest warehouse chain, has launched a mortgage program in partnership with First Choice Bank and 10 other lenders. This follows on the heels of its health insurance partnership with Aetna ( See Costco Partners With Aetna To Sell Health Insurance .). It intends to leverage its customer base and wider presence to market this program.
Trefis: After Health Insurance, Costco Markets Mortgage Loans
Trefis: After Health Insurance, Costco Markets Mortgage Loans
Thomson Reuters Business Description
Costco Wholesale Corporation (Costco), with its subsidiaries operates membership warehouses that offer its members low prices on a limited selection of branded and selected private-label products in a range of merchandise categories. The Company buys the majority of its merchandise directly from manufacturers and route it to a cross-docking consolidation point (depot) or directly to its warehouses. Its depots receive container-based shipments from manufacturers and reallocate these goods for shipment to its individual warehouses, generally in less than 24 hours. Costco’s warehouse format averages approximately 143,000 square feet. Its warehouses operate on a seven-day, 69-hour week. It carries an average of approximately 3,600 active stock keeping units (SKUs) per warehouse in its core warehouse business. Many consumable products are offered for sale only in case, carton, or multiple-pack quantities only.
