Buy Or Sell Opportunity • May 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to €859. The fair value is estimated to be €714, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Declared Dividend • Apr 20
Second quarter dividend of US$1.47 announced Shareholders will receive a dividend of US$1.47. Ex-date: 1st May 2026 Payment date: 15th May 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 25%. Announcement • Apr 17
Costco Wholesale Corporation Declares A Quarterly Cash Dividend on Common Stock , Payable May 15, 2026 Costco Wholesale Corporation announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock and approved a quarterly increase from $1.30 to $1.47 per share, $5.88 on an annualized basis. The quarterly dividend is payable May 15, 2026, to shareholders of record at the close of business on May 1, 2026. Recent Insider Transactions • Apr 08
Insider recently sold €599k worth of stock On the 1st of April, Caton Frates sold around 700 shares on-market at roughly €855 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €28m more than they bought in the last 12 months. Buy Or Sell Opportunity • Mar 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €877. The fair value is estimated to be €727, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Reported Earnings • Mar 08
Second quarter 2026 earnings released: EPS: US$4.58 (vs US$4.03 in 2Q 2025) Second quarter 2026 results: EPS: US$4.58 (up from US$4.03 in 2Q 2025). Revenue: US$69.6b (up 9.2% from 2Q 2025). Net income: US$2.04b (up 14% from 2Q 2025). Profit margin: 2.9% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 07
Costco Wholesale Corporation to Report Q3, 2026 Results on May 28, 2026 Costco Wholesale Corporation announced that they will report Q3, 2026 results on May 28, 2026 Buy Or Sell Opportunity • Mar 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 9.5% to €862. The fair value is estimated to be €707, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Announcement • Jan 23
Consumers Represented by the Almeida Law Group Files Class Action Against Costco Wholesale Corporation Two California consumers have filed a nationwide class action lawsuit against Costco Wholesale Corporation, alleging the retail giant has misled million of shoppers by falsely advertising its popular Kirkland Signature Seasoned Rotisserie Chicken as containing ‘no preservatives,’ despite formulating the product with added preservatives that extend shelf life and maintain texture Filed in the U.S. District Court for the Southern District of California, the complaint asserts that Costco has ‘systemically cheated customers out of tens if not hundreds of million of dollars’ by prominently marketing the Rotisserie Chicken as preservative–free in stores and online while adding sodium phosphate and carrageenan ingredients that function as preservatives. Prominent ‘No Preservatives’ Claims Allegedly Misled Shoppers According to the lawsuit, Costco displays large in store signage and online product listings stating ‘No Preservatives,’ without qualification. Plaintiffs Bianca Johnston of Big Bear, California and Anatasia Chernov of Escondido, California say they relied on these representations when purchasing the product, believing the chicken contained no additives that preserve taste, texture, or shelf life. The complaint alleges that Costco's representations were false and misleading because sodium phosphate and carrageenanboth added to the Rotisserie Chicken perform preservative functions by inhibiting spoilage, stabilizing proteins, and extending shelf stability. Consumers Increasingly Seek Transparency in Food Ingredients The lawsuit cites industry research showing that consumers place significant weight on preservative–related claims and increasingly seek ‘clean label’ products free from additives. Plaintiffs allege that Costco capitalized on this trend while concealing the true nature of its product. Claims Under Washington and California Consumer Protection Laws The complaint brings claims under: Washington Consumer Protection Act, California Consumers Legal Remedies Act, California Unfair Competition Law, California False Advertising Law. Plaintiffs seek injunctive relief, restitution, damages, and disgorgement of profits obtained through Costco's misleading marketing. Both plaintiffs allege they would not have purchased the Rotisserie Chicken or would have paid less had Costco disclosed that the product contains added preservatives. They also state they intend to purchase the product again in the future if it is actually preservative free but cannot rely on Costco's representations unless they are truthful. Declared Dividend • Jan 19
First quarter dividend of US$1.30 announced Shareholders will receive a dividend of US$1.30. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 26%. Announcement • Jan 16
Costco Wholesale Corporation Announces Quarterly Cash Dividend, Payable on February 13, 2026 Costco Wholesale Corporation announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of $1.30 per share. The quarterly dividend is payable February 13, 2026, to shareholders of record at the close of business on January 30, 2026. Recent Insider Transactions • Jan 13
Insider recently sold €1.2m worth of stock On the 9th of January, Russell Miller sold around 2k shares on-market at roughly €788 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.2m. Insiders have been net sellers, collectively disposing of €30m more than they bought in the last 12 months. Recent Insider Transactions • Jan 01
Insider recently sold €1.9m worth of stock On the 30th of December, Javier Polit sold around 3k shares on-market at roughly €736 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.2m. Insiders have been net sellers, collectively disposing of €29m more than they bought in the last 12 months. Reported Earnings • Dec 14
First quarter 2026 earnings released: EPS: US$4.51 (vs US$4.05 in 1Q 2025) First quarter 2026 results: EPS: US$4.51 (up from US$4.05 in 1Q 2025). Revenue: US$67.3b (up 8.3% from 1Q 2025). Net income: US$2.00b (up 11% from 1Q 2025). Profit margin: 3.0% (in line with 1Q 2025). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 05
Costco Wholesale Corporation, Annual General Meeting, Jan 15, 2026 Costco Wholesale Corporation, Annual General Meeting, Jan 15, 2026. Buy Or Sell Opportunity • Nov 20
Now 21% overvalued Over the last 90 days, the stock has fallen 5.5% to €779. The fair value is estimated to be €645, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. Recent Insider Transactions • Nov 13
Insider recently sold €1.9m worth of stock On the 7th of November, William Wilcox sold around 2k shares on-market at roughly €803 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.6m. Insiders have been net sellers, collectively disposing of €27m more than they bought in the last 12 months. Announcement • Nov 08
Costco Wholesale Corporation to Report December,2025 Results on Jan 07, 2026 Costco Wholesale Corporation announced that they will report December, 2025 results on Jan 07, 2026 Recent Insider Transactions • Oct 26
Insider recently sold €2.2m worth of stock On the 24th of October, Claudine Adamo sold around 3k shares on-market at roughly €804 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.6m. Insiders have been net sellers, collectively disposing of €24m more than they bought in the last 12 months. Declared Dividend • Oct 20
Fourth quarter dividend of US$1.30 announced Shareholders will receive a dividend of US$1.30. Ex-date: 31st October 2025 Payment date: 14th November 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 29%. Announcement • Oct 16
Costco Wholesale Corporation Announces Quarterly Cash Dividend, Payable on November 14, 2025 Costco Wholesale Corporation announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of $1.30 per share. The quarterly dividend is payable November 14, 2025, to shareholders of record at the close of business on October 31, 2025. Recent Insider Transactions • Oct 01
Insider recently sold €1.2m worth of stock On the 29th of September, Caton Frates sold around 2k shares on-market at roughly €776 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.3m. Insiders have been net sellers, collectively disposing of €26m more than they bought in the last 12 months. Buy Or Sell Opportunity • Sep 30
Now 22% overvalued Over the last 90 days, the stock has fallen 5.2% to €788. The fair value is estimated to be €648, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Announcement • Sep 29
Costco Wholesale Corporation to Report Q1, 2026 Results on Dec 11, 2025 Costco Wholesale Corporation announced that they will report Q1, 2026 results at 4:15 PM, US Eastern Standard Time on Dec 11, 2025 Reported Earnings • Sep 26
Full year 2025 earnings released: EPS: US$18.24 (vs US$16.60 in FY 2024) Full year 2025 results: EPS: US$18.24 (up from US$16.60 in FY 2024). Revenue: US$275.2b (up 8.2% from FY 2024). Net income: US$8.10b (up 9.9% from FY 2024). Profit margin: 2.9% (in line with FY 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 21
Third quarter dividend of US$1.30 announced Shareholders will receive a dividend of US$1.30. Ex-date: 1st August 2025 Payment date: 15th August 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 32%. Buy Or Sell Opportunity • Jul 17
Now 20% overvalued Over the last 90 days, the stock has fallen 5.4% to €820. The fair value is estimated to be €684, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Announcement • Jul 17
Costco Wholesale Corporation Declares Quarterly Cash Dividend, Payable on August 15, 2025 Costco Wholesale Corporation announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of $1.30 per share. The quarterly dividend is payable August 15, 2025, to shareholders of record at the close of business on August 1, 2025. Recent Insider Transactions • Jul 16
Insider recently sold €3.3m worth of stock On the 14th of July, Yoram Rubanenko sold around 4k shares on-market at roughly €834 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.5m. Insiders have been net sellers, collectively disposing of €31m more than they bought in the last 12 months. Announcement • Jun 11
Costco Wholesale Corporation Announces Executive Changes Costco Wholesale Corporation announced that on June 30, Dan Hines will retire as Senior Vice President, Corporate Controller, and Principal Accounting Officer. He will remain a Senior Vice President until his retirement in January 2026, following 35 years of service. Tiffany Barbre, 51, has been appointed as Senior Vice President, Corporate Controller and Principal Accounting Officer, effective July 1, 2025. Ms. Barbre joined Costco in 2005 and was promoted to Assistant Vice President in June 2010. In 2016, she was promoted to her current role as Vice President, Assistant Corporate Controller. Ms. Barbre graduated from Washington State University with a B.A. in Accounting and began her career as an auditor with Arthur Andersen LLP. Recent Insider Transactions • Jun 10
Insider recently sold €1.8m worth of stock On the 6th of June, Pierre Riel sold around 2k shares on-market at roughly €891 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.5m. Insiders have been net sellers, collectively disposing of €28m more than they bought in the last 12 months. Announcement • May 30
Costco Wholesale Corporation to Report Q4, 2025 Results on Sep 25, 2025 Costco Wholesale Corporation announced that they will report Q4, 2025 results at 4:15 PM, US Eastern Standard Time on Sep 25, 2025 Reported Earnings • May 30
Third quarter 2025 earnings released: EPS: US$4.29 (vs US$3.79 in 3Q 2024) Third quarter 2025 results: EPS: US$4.29 (up from US$3.79 in 3Q 2024). Revenue: US$63.2b (up 8.0% from 3Q 2024). Net income: US$1.90b (up 13% from 3Q 2024). Profit margin: 3.0% (in line with 3Q 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 12
Now 20% overvalued Over the last 90 days, the stock has fallen 12% to €905. The fair value is estimated to be €751, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period. Recent Insider Transactions • Apr 23
Insider recently sold €3.5m worth of stock On the 17th of April, James Klauer sold around 4k shares on-market at roughly €863 per share. This trade did not impact their existing holding. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €26m more than they bought in the last 12 months. Declared Dividend • Apr 20
Second quarter dividend of US$1.30 announced Shareholders will receive a dividend of US$1.30. Ex-date: 2nd May 2025 Payment date: 16th May 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 26%. Cash payout ratio: 26%. Announcement • Apr 17
Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend, Payable on May 16, 2025 Costco Wholesale Corporation announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock and approved a quarterly increase from $1.16 to $1.30 per share, $5.20 on an annualized basis. The quarterly dividend is payable May 16, 2025, to shareholders of record at the close of business on May 2, 2025. Recent Insider Transactions • Mar 14
President recently sold €3.1m worth of stock On the 11th of March, Ron Vachris sold around 4k shares on-market at roughly €852 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ron's only on-market trade for the last 12 months. Announcement • Mar 08
Costco Wholesale Corporation to Report Q3, 2025 Results on May 29, 2025 Costco Wholesale Corporation announced that they will report Q3, 2025 results at 1:15 PM, Pacific Standard Time on May 29, 2025 Reported Earnings • Mar 07
Second quarter 2025 earnings released: EPS: US$4.03 (vs US$3.93 in 2Q 2024) Second quarter 2025 results: EPS: US$4.03 (up from US$3.93 in 2Q 2024). Revenue: US$63.7b (up 9.0% from 2Q 2024). Net income: US$1.79b (up 2.6% from 2Q 2024). Profit margin: 2.8% (down from 3.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Helena Foulkes was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jan 27
First quarter dividend of US$1.16 announced Shareholders will receive a dividend of US$1.16. Ex-date: 7th February 2025 Payment date: 21st February 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 26%. Cash payout ratio: 41%. Announcement • Jan 24
Costco Wholesale Corporation Announces Quarterly Cash Dividend, Payable February 21, 2025 Costco Wholesale announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of $1.16 per share. The quarterly dividend is payable February 21, 2025, to shareholders of record at the close of business on February 7, 2025. Announcement • Dec 18
Costco Wholesale Corporation to Report Q2, 2025 Results on Mar 06, 2025 Costco Wholesale Corporation announced that they will report Q2, 2025 results at 1:15 PM, Pacific Standard Time on Mar 06, 2025 Reported Earnings • Dec 13
First quarter 2025 earnings released: EPS: US$4.05 (vs US$3.58 in 1Q 2024) First quarter 2025 results: EPS: US$4.05 (up from US$3.58 in 1Q 2024). Revenue: US$62.2b (up 7.5% from 1Q 2024). Net income: US$1.80b (up 13% from 1Q 2024). Profit margin: 2.9% (up from 2.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 27
Executive VP & Director recently sold €1.2m worth of stock On the 24th of October, Richard Galanti sold around 1k shares on-market at roughly €828 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.6m. Insiders have been net sellers, collectively disposing of €35m more than they bought in the last 12 months. Declared Dividend • Oct 21
Dividend of US$1.16 announced Shareholders will receive a dividend of US$1.16. Ex-date: 1st November 2024 Payment date: 15th November 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.8%. Payout Ratios Payout ratio: 26%. Cash payout ratio: 31%. Announcement • Oct 17
Costco Wholesale Corporation Announces Quarterly Cash Dividend, Payable on November 15, 2024 Costco Wholesale Corporation announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of $1.16 per share. The quarterly dividend is payable November 15, 2024, to shareholders of record at the close of business on November 1, 2024. Recent Insider Transactions • Oct 16
Insider recently sold €3.6m worth of stock On the 11th of October, Russell Miller sold around 4k shares on-market at roughly €814 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €35m more than they bought in the last 12 months. Recent Insider Transactions • Oct 03
Insider recently sold €2.6m worth of stock On the 30th of September, Claudine Adamo sold around 3k shares on-market at roughly €797 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €34m more than they bought in the last 12 months. Announcement • Sep 28
Costco Wholesale Corporation to Report Q1, 2025 Results on Dec 12, 2024 Costco Wholesale Corporation announced that they will report Q1, 2025 results on Dec 12, 2024 Reported Earnings • Sep 27
Full year 2024 earnings released: EPS: US$16.60 (vs US$14.18 in FY 2023) Full year 2024 results: EPS: US$16.60 (up from US$14.18 in FY 2023). Revenue: US$254.5b (up 5.0% from FY 2023). Net income: US$7.37b (up 17% from FY 2023). Profit margin: 2.9% (up from 2.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 19
Upcoming dividend of US$1.16 per share Eligible shareholders must have bought the stock before 26 July 2024. Payment date: 09 August 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.0%). Recent Insider Transactions • Jul 16
Insider recently sold €2.3m worth of stock On the 15th of July, Daniel Hines sold around 3k shares on-market at roughly €775 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €26m more than they bought in the last 12 months. Announcement • Jul 11
Costco Wholesale Corporation Declares Quarterly Cash Dividend on the Common Stock, Payable on August 9, 2024 Costco Wholesale Corporation announced that its board of directors has declared a quarterly cash dividend on the common stock of $1.16 per share. The quarterly dividend is payable on August 9, 2024, to shareholders of record at the close of business on July 26, 2024. Announcement • Jun 05
Costco Wholesale Corporation to Report Q4, 2024 Results on Sep 26, 2024 Costco Wholesale Corporation announced that they will report Q4, 2024 results at 1:15 PM, Pacific Standard Time on Sep 26, 2024 Declared Dividend • Apr 15
Dividend of US$1.16 announced Shareholders will receive a dividend of US$1.16. Ex-date: 25th April 2024 Payment date: 10th May 2024 Dividend yield will be 2.6%, which is higher than the industry average of 1.8%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 29%. Announcement • Apr 11
Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend, Payable on May 10, 2024 Costco Wholesale Corporation announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock and approved a quarterly increase from $1.02 to $1.16 per share, $4.64 on an annualized basis. The dividend is payable May 10, 2024, to shareholders of record at the close of business on April 26, 2024. Recent Insider Transactions • Mar 14
Insider recently sold €1.6m worth of stock On the 11th of March, Patrick Callans sold around 3k shares on-market at roughly €654 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €5.1m. Insiders have been net sellers, collectively disposing of €27m more than they bought in the last 12 months. Announcement • Mar 08
Costco Wholesale Corporation to Report Q3, 2024 Results on May 30, 2024 Costco Wholesale Corporation announced that they will report Q3, 2024 results at 1:15 PM, Pacific Standard Time on May 30, 2024 Reported Earnings • Mar 08
Second quarter 2024 earnings released: EPS: US$3.93 (vs US$3.30 in 2Q 2023) Second quarter 2024 results: EPS: US$3.93 (up from US$3.30 in 2Q 2023). Revenue: US$58.4b (up 5.7% from 2Q 2023). Net income: US$1.74b (up 19% from 2Q 2023). Profit margin: 3.0% (up from 2.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to €670. The fair value is estimated to be €556, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period. Declared Dividend • Jan 29
Dividend of US$1.02 announced Shareholders will receive a dividend of US$1.02. Ex-date: 1st February 2024 Payment date: 16th February 2024 Dividend yield will be 2.8%, which is higher than the industry average of 1.9%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 21%. Announcement • Jan 24
Costco Wholesale Corporation, Annual General Meeting, Jan 23, 2025 Costco Wholesale Corporation, Annual General Meeting, Jan 23, 2025, at 14:00 Pacific Standard Time. Recent Insider Transactions • Jan 19
Executive VP & COO of Eastern Division recently sold €1.6m worth of stock On the 18th of January, Yoram Rubanenko sold around 3k shares on-market at roughly €626 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.3m. Insiders have been net sellers, collectively disposing of €23m more than they bought in the last 12 months. Announcement • Jan 19
Costco Wholesale Corporation Declares A Quarterly Cash Dividend, Payable on February 16, 2024 Costco Wholesale Corporation announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of $1.02 per share. The quarterly dividend is payable February 16, 2024, to shareholders of record at the close of business on February 2, 2024. Announcement • Dec 19
Costco Wholesale Corporation to Report Q2, 2024 Results on Mar 07, 2024 Costco Wholesale Corporation announced that they will report Q2, 2024 results at 1:15 PM, Pacific Daylight on Mar 07, 2024 Announcement • Dec 16
Costco Wholesale Corporation Declares Special Cash Dividend, Payable January 12, 2024 Costco Wholesale Corporation announced that the Board of Directors has declared a special cash dividend on Costco common stock of $15 per share, payable January 12, 2024, to shareholders of record as of the close of business on December 28, 2023. The aggregate amount of the payment will be approximately $6.7 billion. Reported Earnings • Dec 15
First quarter 2024 earnings released: EPS: US$3.58 (vs US$3.07 in 1Q 2023) First quarter 2024 results: EPS: US$3.58 (up from US$3.07 in 1Q 2023). Revenue: US$57.8b (up 6.2% from 1Q 2023). Net income: US$1.59b (up 17% from 1Q 2023). Profit margin: 2.7% (up from 2.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Nov 07
Insider recently sold €2.3m worth of stock On the 3rd of November, Russell Miller sold around 5k shares on-market at roughly €519 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €16m more than they bought in the last 12 months. Upcoming Dividend • Oct 26
Upcoming dividend of US$1.02 per share at 0.7% yield Eligible shareholders must have bought the stock before 02 November 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.5%). Recent Insider Transactions • Oct 25
Insider recently sold €1.3m worth of stock On the 23rd of October, Claudine Adamo sold around 3k shares on-market at roughly €516 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €15m more than they bought in the last 12 months. Announcement • Sep 29
Costco Wholesale Corporation to Report Q1, 2024 Results on Dec 14, 2023 Costco Wholesale Corporation announced that they will report Q1, 2024 results at 2:00 PM, Pacific Standard Time on Dec 14, 2023 Announcement • Jan 24
Costco Wholesale Corporation, Annual General Meeting, Jan 18, 2024 Costco Wholesale Corporation, Annual General Meeting, Jan 18, 2024, at 14:00 Pacific Standard Time.