Post-Earnings Coverage - Costco Wholesale

LONDON, January 6, 2015 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings research coverage on Costco Wholesale Corp. (NASDAQ: COST). On December 10, 2014, the company reported its financial results for Q1 FY15 (period ended November 23, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Costco Wholesale Corp. (Costco). During Q1 FY15, the company's net sales and comparable sales grew by 7% Y-o-Y and 5% Y-o-Y, respectively. Further, Costco's earnings per share (EPS) for Q1 FY15 improved by $0.16 Y-o-Y. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q1 FY15, Costco's net sales increased to $26.28 billion from $24.47 billion in Q1 FY14. The company recorded total revenue of $26.87 billion in Q1 FY15 compared to $25.02 billion in Q1 FY14. Analysts at Bloomberg anticipated total revenue of $26.89 billion for the reported quarter. Costco's quarterly U.S. comparable sales (comps) and International comps grew by 6% Y-o-Y and 1% Y-o-Y, respectively. However, excluding the negative impacts from gasoline price deflation and foreign exchange, Costco's U.S. and International comps expanded by 7% Y-o-Y each. The free research on COST can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Costco%20Wholesale&d=06-Jan-2015&s=COST

The company's operating income in Q1 FY15 increased to $770 million from $668 million in Q1 FY14. For the reported quarter, net income attributable to Costco increased to $496 million, or $1.12 per diluted share, from $425 million, or $0.96 per diluted share, in Q1 FY14. The company's net income attributable to Costco outperformed Bloomberg analysts' net income expectation of $477 million, or $1.08 per diluted share.

As of November 23, 2014, Costco's cash and cash equivalents balance stood at $5.97 billion, compared to $5.74 billion as of August 31, 2014. At the end of the quarter, Costco operated 671 warehouses across the globe, with 474 in the U.S. and Puerto Rico, 88 in Canada, 34 in Mexico, 26 in the United Kingdom, 20 in Japan, 11 in Korea, 10 in Taiwan, 7 in Australia, and 1 in Spain. Costco also has electronic commerce websites in the U.S., Canada, United Kingdom and Mexico. Sign up and read the free analyst's notes on COST at:

http://get.Investor-Edge.com/pdf/?c=Costco%20Wholesale&d=06-Jan-2015&s=COST

Stock Performance  

On the day of the earnings release, December 10, 2014 Costco's stock lost 1.95% to close the session at $140.25. Since then, shares of the company have witnessed a mixed momentum. On the last close, Monday, January 05, 2015, Costco's shares finished 1.14% lower at $140.00. The company's shares vacillated between $139.80 and $142.16 during the session. A total of 1.75 million shares were traded, which was below its three months average volume of 2.14 million shares. Over the previous three months and over the past one year, the company's shares have surged 10.16% and 19.36%, respectively. However, the stock has fallen by 2.27% in the last one month. Shares in Costco closed above their 50-day and 200-day moving averages of $138.83 and $123.52, respectively. Furthermore, the stock traded at a PE ratio of 29.05 and has a Relative Strength Index (RSI) of 52.81. Visit Investor-Edge and access the latest research on COST at:

http://get.Investor-Edge.com/pdf/?c=Costco%20Wholesale&d=06-Jan-2015&s=COST

Sneak Peek to Corporate Insider Trading  

In the last one month, Costco has reported 4 trading transactions by 3 insiders. Between December 11 and December 18, 2014, a total of 16,648 shares have been disposed at an average price of $140.41 per share, for a total value of $2.34 million. During the stated period, Timothy L. Rose, Executive Vice President- Costco Wholesale Industries, sold 10,000 shares at an average price of $140.51 per share. On December 17, 2014, Richard A. Galanti, Executive Vice President and CFO at Costco, sold 3,000 shares at a price of $139.29 per share. Further, on December 18, 2014, John D. McKay, Executive Vice President and COO - Northern Division and Midwest Region at Costco, disposed 3,648 shares at a price of $141.07 per share.  Complimentary in-depth research on COST is available at:

http://get.Investor-Edge.com/pdf/?c=Costco%20Wholesale&d=06-Jan-2015&s=COST

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