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Category: Costco

  • Costco, Teamsters reach tentative contract agreement, avoiding a strike

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    Investor Empires

    The Union said on Saturday that Costco and The Teamsters Union reached an initial agreement on a new contract, and avoid the strike. TEAMSTERS spokesman Matthew Macquit confirmed the agreement, which must be approved by members. The details of the agreement were not immediately available. The Associated Press left a…

  • Ahead of Earnings, Analysts Say ‘Robust’ Costco May See Stock Split

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    Investor Empires

    Lindsay Nicholson/UCG/Universal Images Group/Getty Images Costco Wholesale is scheduled to report earnings after the bell on Thursday as it opens its next fiscal year, with analysts expecting revenue and profits to rise. Most analysts tracked by Visible Alpha have a “buy” rating, but the average price target indicates they think…

  • Costco Stock (COST) Offers No Meaningful Appeal at the Current Price

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    Investor Empires

    Costco Wholesale (COST), commonly referred to as just Costco, is a well-known large retail store chain that sells items in bulk and offers household products and groceries at a discount. When consumers anticipate adverse global events that could disrupt supply chain activity, such as the COVID-19 pandemic, they often panic…

  • Baird maintains Outperform rating on Costco shares on strong sales By Investing.com

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    Investor Empires

    Baird reiterated an outperform rating on Costco Wholesale (NASDAQ: NASDAQ: ), while maintaining a price target of $975.00. Costco’s underlying global comparable sales, excluding gas and foreign exchange impacts, rose 8.9%, the company’s analysis highlighted. This increase includes an approximately 1.5% increase in storage activity that occurred in late September,…

  • Costco Q3 earnings beat all key metrics after shares closed at an all-time high

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    Investor Empires

    Costco (COST) posted another huge quarter as consumers look for wallet-friendly prices on everyday essentials. On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of $3.70. “We’re definitely winning in consumer items, where we…

  • Earnings week ahead: Salesforce, Costco, Canopy Growth, Dell, Dollar General, and more

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    Investor Empires

    Nikolaeva Elena The last week of May, although shortened by the holiday, is still packed with major earnings reports from various sectors. The list of notable names includes Salesforce (New York Stock Exchange: Customer Relationship Management), Costco Wholesale (Nasdaq: Cost) and canopy growth (Nasdaq: CGC). On the technological front, investors…