July 24, 2008 |
Costco Wholesale Corp. said Wednesday that its earnings for the current quarter would be lower than expected as it delayed raising prices on items such as food and patio sets amid soaring energy costs. Shares in the nation's No. 1 warehouse club operator -- which had been one of the few bright spots in retailing -- plummeted almost 12% on Wednesday. Rival BJ's Wholesale Club Inc.
February 23, 1998 |
In the computer game world, gratuitous violence is an everyday commodity. But lust doesn't sell--at least not on the shelves at Costco Cos. Take Tribal Dreams' forthcoming release, "Of Light and Darkness--The Prophecy." The game, which features a digital likeness of actress Lolita Davidovich and the voice of actor James Woods, has a painting of a sexy, futuristic-looking angel on the cover of its box.
August 24, 2008 |
Looking for vacation discounts? A discount store surely should have some, and this one does. Deal: Book a trip through Costco Travel, and you can receive the following for as little as $393 per person (including taxes) at Crown Paradise Club Resort & Spa in Puerto Vallarta, Mexico: a five-night stay in a standard room (based on double occupancy); transfers to and from the airport; all meals, snacks and beverages; use of non-motorized water-sports equipment; and hotel taxes and tips.
May 11, 2005 |
Theater tickets at Costco? The mega-retailer is selling discounted tickets to "Brooklyn," a Broadway musical, to its members over the Web. It's a pilot program, said Pat Callans, vice president of member services for the corporation, and he's not sure when it might expand. But he said he's "looking for inventory. There are plenty of venues out there." The price is $54 for tickets that cost $90 at the box office and $57 to $66.50 for tickets that normally cost $95. But fees totaling $5.
June 1, 2007 |
Costco Wholesale Corp. said Thursday that fiscal third-quarter earnings fell after the No. 1 U.S. warehouse club increased the funds it set aside to pay customers who return big-screen TVs and other high-tech goods. Costco Chief Financial Officer Richard Galanti said he expected fourth-quarter earnings per share of 81 cents to 83 cents, slightly below analysts' expectations of 84 cents, according to Reuters Estimates.
March 6, 2002 |
Costco Wholesale Corp.'s fiscal second-quarter earnings rose 9% as the biggest U.S. chain of warehouse clubs opened more stores and boosted sales of items such as electronics. Net income rose to $192.6 million, or 41 cents a share, from $176.6 million, or 38 cents, in the year-earlier period, the company said. Sales, including membership fees, climbed 13% to $9.38 billion. Costco and discount chains such as Wal-Mart Stores Inc.
April 23, 2005 |
Costco Wholesale Corp., the largest U.S. warehouse club retailer, said it would miss analysts' estimates for the third straight quarter, hurt by lower gasoline profit. The company's shares fell $3.85, or 8.8%, to $40.17, their biggest drop in 21 months. The retailer forecast as much as 43 cents a share in fiscal third-quarter profit and as much as $2.04 for the year. Issaquah, Wash.-based Costco was expected to earn 46 cents a share in the quarter that ends May 8 and $2.
CALIFORNIA | LOCAL
December 7, 2007 |
The president of Golden West College has spoken out against construction of a Costco store on 14 acres of the community college's campus. In a statement released Thursday, President Wes Bryan said the store should not be built because it would increase traffic and adversely affect local residents. Bryan said he would recommend rejection of the plan to the Coast Community College District Board of Trustees, which will meet to discuss it Wednesday.
October 7, 2005 |
Costco Wholesale Corp. said Thursday that fiscal fourth-quarter profit rose 20%, helped by electronics sales and lower taxes. The shares had their biggest gain in more than 2 1/2 years after the company said it would buy back as much as $1 billion of stock. Net income beat analysts' estimates, rising to $354.7 million, or 73 cents a share, from $296.8 million, or 62 cents, a year earlier. Sales rose 10% to $16.4 billion, the Issaquah, Wash.-based company said.
August 31, 2006 |
Costco Wholesale Corp. said Wednesday that it expected its fiscal fourth-quarter profit to be below analysts' estimates, as sales on items such as jewelry and furniture slowed and the company struggled with higher gasoline prices. The warning sent Costco shares down 4%. The Issaquah, Wash.-based wholesale club said it expected to earn 68 cents to 71 cents a share for its quarter ending Sept. 3. The 17-week period will include a one-time tax charge of about 3 cents a share.