Post-Earnings Review - Costco Wholesale

LONDON, October 13, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings research coverage on Costco Wholesale Corp.   (NASDAQ: COST). The company featured in the headlines on October 08, 2014 after reporting its fourth quarter and full-year financial results for the period ended August 31, 2014. Click on www.investor-edge.com/FreeReports to read our free earnings review on Costco Wholesale. For Q4 FY14 and FY14, Costco Wholesale Corp.'s net sales grew 9% and 7%, respectively, on Y-o-Y basis. Further, the company's EPS for Q4 FY14 and FY14 increased $0.18 and $0.02, respectively, from the previous year. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q4 FY14, Costco Wholesale Corp.'s net sales increased to $34.75 billion, from $31.77 billion in Q4 FY13. The company's quarterly comparable sales (comps) grew 6% Y-o-Y and excluding the negative impacts from gasoline price deflation and foreign exchange, comps grew 7% on Y-o-Y basis. Further, the company's operating income during the reported quarter increased to $1,091 million from $954 million in Q4 FY13. Costco Wholesale Corp.'s net income for Q4 FY14 broadened to $697 million or $1.58 per diluted share, from $617 million or $1.40 per diluted share in the preceding year quarter. The free research on COST can be downloaded as in PDF format at:

www.Investor-Edge.com/COSTFreeReport

For full year FY14, the company reported net sales of $110.21 billion, compared to $102.87 billion in FY13. During the year, Costco Wholesale Corp.'s comps increased 4% Y-o-Y, while comps excluding the negative impacts from gasoline price deflation and foreign exchange, increased 6% on Y-o-Y basis. Further, Costco Wholesale Corp.'s operating income for FY14 stood at $3.22 billion compared to $3.05 billion in the previous year. For FY14, the company's net income increased to $2.06 billion or $4.65 per diluted share, from $2.04 billion, or $4.63 per diluted share in the previous year. The company's FY 14 net income outperformed Bloomberg analysts' forecasts of $2.04 billion or $4.60 per diluted share. Sign up and read the free analyst's notes on COST at:

www.Investor-Edge.com/COST-13102014

Stock Performance  

On October 08, 2014, the day of earnings release, shares in Costco Wholesale Corp. closed at $128.73 with a gain of 2.76%. The stock edged 0.25% lower on the following day, and registered a modest increase of 0.38% on the last close, Friday, October 10, 2014. During the last trading session, the stock also recorded a new 52-week high of $131.41

Would be Great if we could have source corroborating this info - the fact that this is a new 52 week high. Like perhaps the 52 week high prior to this.

, before finishing the day at $128.90. A total of 3.35 million shares were traded, which was above its three months average volume of 1.83 million shares. Over the previous three trading sessions and in the last one month, the company's shares have advanced 2.90% and 2.35%, respectively. Moreover, the stock has gained 8.30% from the beginning of 2014. Shares in Costco Wholesale Corp. are trading above their 50-day and 200-day moving averages of $123.35 and $117.15, respectively. Further, the company's shares traded at a PE ratio of 27.66 and have a Relative Strength Index (RSI) of 64.64. Visit Investor-Edge and access the latest research on COST at:

www.Investor-Edge.com/COSTEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, Costco Wholesale Corp. has reported eight trading transactions by seven insiders. On September 26, 2014, four insiders of the company offloaded a total of 14,722 shares of the company at a price of $125.54 per share for a total of $1,848,201. In addition, on September 26 and October 09, 2014, Mr. Joseph Portera, Executive Vice President and Chief Operating Officer - Eastern and Canadian Divisions, Chief Diversity Officer of Costco Wholesale Corp. sold a total of 7,004 shares of the company for $900,766, reflecting an average price of $128.61 per share. On October 01, 2014, Mr. Franz Lazarus, Company's Executive Vice President - Administration, sold 600 shares of the company at a price of $125.25 per share, for an aggregate value of $75,150. Further, on October 09, 2014, Mr. Richard Galanti, Chief Financial Officer, Executive Vice President, Director of Costco Wholesale Corp. sold 4,065 shares of the company for $530,646 at a price of $130.54 per share. Complimentary in-depth research on COST is available at:

www.Investor-Edge.com/COSTInsiderTrading

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