A Costco store sign is in Brampton, Ontario. The chain of membership-only warehouse club retail stores holds its Q4 2025 earnings call on September 25, 2025. (Photo by Mike Campbell/NurPhoto via Getty Images)NurPhoto via Getty ImagesCostco (NASDAQ: COST) completed fiscal 2025 (August fiscal year) with a solid quarter, slightly surpassing expectations and highlighting the strengths that distinguish it. Its Q4 earnings of $5.87 per share, a rise of 11% year-over-year, on $86.2 billion in revenue, an increase ...

Key Takeaways Costco's Q4 EPS of $5.87 beat estimates and rose from $5.15 a year ago.Revenues grew 8.1% to $86.2B, with comparable sales up 5.7% globally.Membership fees climbed 14% to $1.7B, with renewal rates above 89% worldwide.Costco Wholesale Corporation (COST) reported fourth-quarter fiscal 2025 results, wherein the top line marginally fell short of the Zacks Consensus Estimate, while the bottom line beat the same. Nonetheless, both revenues and earnings improved year over year, driven by robust membe ...

When I last looked at Costco Wholesale Corporation (NASDAQ: COST ) in June, I called it a Hold at about $999 a share. My main concern was the high price, not the company itself. Since then, the stock has slipped to around $943, down about 5.6 percent, even asWith over 15 years of experience in the markets and a degree in economics, I focus on breaking down companies with clarity and discipline. My goal is to give individual investors a straightforward, honest view—what’s working, what isn’t, and where the r ...

When I last looked at Costco Wholesale Corporation (NASDAQ: COST ) in June, I called it a Hold at about $999 a share. My main concern was the high price, not the company itself. Since then, the stock has slipped to around $943, down aboutWith over 15 years of experience in the markets and a degree in economics, I focus on breaking down companies with clarity and discipline. My goal is to give individual investors a straightforward, honest view—what’s working, what isn’t, and where the risks and opportunitie ...

市场情绪与股指期货 - 美股三大股指期货齐涨，道指期货涨0.22%，标普500指数期货涨0.15%，纳指期货涨0.09% [1] - 欧洲主要股指普遍上涨，德国DAX指数涨0.67%，英国富时100指数涨0.53%，法国CAC40指数涨0.74%，欧洲斯托克50指数涨0.72% [1] 大宗商品 - WTI原油价格跌0.15%至64.88美元/桶，布伦特原油价格跌0.14%至69.66美元/桶 [2] 宏观经济数据与政策 - 北京时间周五晚8点30分将公布美国8月PCE通胀报告，预测显示8月PCE物价年率将录得2.7%，高于7月的2.6%，月率预计为0.3%，高于上月的0.2% [3] - 核心PCE预计在过去一年中上涨2.9%，与7月相同，月率则较上月的0.3%小幅回落至0.2% [3] - 美联储新任理事米兰呼吁未来数月应大幅、快速降息，以避免劳动力市场出现不必要的裁员潮，他认为中性利率正显著下降 [5] - 美国银行业准备金连续第七周大幅下降，截至9月24日当周下降约210亿美元至29997亿美元，失守3万亿美元关口 [5] 关税政策 - 美国总统特朗普宣布自10月1日起对多种进口产品征收高额关税，具体包括对厨柜、浴室梳妆台及相关产品征收50%关税，对进口家具征收30%关税，对进口重型卡车加征25%关税，并对专利及品牌药品加征100%关税 [4] - 美国劳工统计局数据显示，上个月家具价格比2024年8月上涨了4.7% [4] 市场预警 - 高盛衍生品团队预警10月份标普500指数的历史价格波动幅度比其他月份高出约20% [6] - 高盛团队指出自1928年以来，10月份波动性更高，近几十年这一数值甚至更高，因第四季度通常会迎来大量企业利好消息 [6] 公司业绩与动态 - 开市客第四财季总营收为861.56亿美元，同比增长8%，净利润为26.10亿美元，上年同期为23.54亿美元，摊薄后每股收益为5.87美元，高于市场预期 [8] - 开市客Q4会员费收入为17.24亿美元，上年同期为15.12亿美元 [8] - 英特尔股价自9月17日以来已累计上涨37%至33.99美元，投资者大举买入看涨期权，其三个月期权的隐含波动率本周飙升至今年4月初以来的最高水平 [9] - TikTok美国业务拟议交易作价约140亿美元，将由美国投资集团控股，甲骨文担任安全服务提供商，字节跳动在TikTok美国的持股比例将低于20% [10] - 谷歌未来数月可能因违反欧盟《数字市场法》面临第二次罚款，此前该公司已被处以34.5亿美元罚款 [11] 经济数据与事件预告 - 北京时间20:30公布美国8月个人支出月率和PCE物价指数年率 [12] - 北京时间22:00公布美国9月密歇根大学消费者信心指数终值 [13] - 次日凌晨01:00公布美国截至9月26日当周全美钻井总数 [14] - 北京时间21:00里奇蒙联储主席巴尔金发表讲话 [15] - 北京时间22:00美联储理事鲍曼发表讲话 [16] - 次日凌晨01:00美联储理事鲍曼参加有关货币政策决策方法的对话 [17] - 次日凌晨03:30公布CFTC周度持仓报告 [18]

Like him or hate him, it's a fact that Jim Cramer is one of the personalities in the financial media that investors can certainly talk about. ...

品牌与产品战略转型 - 公司正从传统的超市必需品（如厕纸、火腿）转向销售大件笨重商品，例如沙发、桑拿房和金条 [1][2] - 品牌转型被视为对消费者信任的回应，公司被视作品质和价值值得信赖的品牌，这使其能够突破传统仓储俱乐部商品类别的限制 [12] - 此次转型旨在通过吸引以前未将公司视为家居装饰或高端产品购买地点的客户群来扩大市场份额和会员数量 [9] 线上销售与物流表现 - 电子商务销售额在最近财年接近200亿美元，增长超过15%，占公司年净销售额的7%以上 [6] - 大件笨重商品的销售主要在线进行，并通过其物流部门Costco Logistics交付，上一季度交付物品数量增长13%，此前一个季度增长31% [5][7][8] - 仅约一半会员下载了公司应用程序，表明线上市场的可拓展空间仍然很大 [6] 大件商品销售驱动因素 - 销售大件商品是公司应对关税和宏观经济不确定性带来的低利润率品类波动的战略一部分 [14] - 此举旨在服务更富裕的客户群，这些客户不一定需要省钱但喜欢划算的交易，从而鼓励消费升级行为并提高客单价 [15][16] - 实体店内展示限量在线商品是一种营销策略，可将线下流量转化为线上销售 [4][9] 具体商品与季节性策略 - 公司成功销售的具体高单价商品包括1200美元的秋千套装、后院棚屋、车库桑拿房和家具 [7][19] - 为应对大件商品热潮，公司改变假日销售策略，引入以往季节性不销售的新品类，如家具 [18][19] - 其他 noteworthy 商品包括越野高尔夫球车、混合光谱桑拿房、迷你数码三角钢琴等 [21] 客户群体变化 - 公司会员的平均年龄下降，每年新注册会员中近一半年龄在40岁以下 [10] - 公司正瞄准更富裕、有抱负的客户，同时服务于购买廉价牛仔裤和纸巾的现有会员，以增长客户终身价值 [15]

Costco Wholesale has posted net sales of $84.43bn fourth quarter of the fiscal year 2025 - an 8% increase from $78.18bn a year previously. The company's net income for the quarter reached $2.61bn, translating to $5.87 per diluted share, compared to $2.35bn, or $5.29 per diluted share, in the same period of 2024. Operating income also saw an uptick, rising to $3.34bn from $3.04bn in the fourth quarter of the year before. In terms of same-store sales, which exclude the effects of store openings and closur ...

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:Heritage Financial Corp (NASDAQ: HFWA) announced plans to acquire Olympic Bancorp in an all-stock $176.6 million deal. Heritage Financial shares fell 0.2% to close at $24.60 on Thursday.Wall Street expects Inventiva S.A. (NASDAQ: IVA) to report a loss at 41 cents per share on revenue of $5.31 million for the first half, before the opening bell today, according to data from Benzi ...

核心业绩表现 - 第四季度净销售额增长8%至844亿美元，去年同期为782亿美元 [7] - 2025财年净销售额增长81%至2699亿美元，去年为2496亿美元 [7] - 付费会员总数达8100万，同比增长63% [6] 会员策略与运营优化 - 为行政会员推出专属早晨营业时间及为所有美国会员增加周六晚间一小时营业，自实施以来估计为美国周销售额贡献约1%的增长 [1][2] - 新福利推动黄金星会员升级为行政会员的数量出现“有意义增长” [2] - 美国与加拿大会员续费率达923%，全球续费率为898% [6] 全球扩张与门店网络 - 第四季度新开10个仓储店，包括在加拿大的1家搬迁店、韩国第24家店、瑞典第2家店以及美国的5家店 [3] - 2025财年净新增24个门店，全球门店总数达到914个 [3] - 计划在2026财年再开35个仓储店，其中5个为搬迁店 [4] 公司里程碑与战略重点 - 庆祝150美元热狗和苏打水组合推出40周年，并在美食广场用可口可乐产品取代百事产品 [12] - 商品和运营团队在实现强劲财务业绩的同时，投资于员工并提升会员价值和便利性 [13] - 商户调整计划以减轻关税影响，采购会员所需商品，同时快速有效地提供最低价格的最佳价值 [13]