×
6 722
Fashion Jobs
JOHN LEWIS
Loss Prevention Partner – Various London Branches
Permanent · LONDON
HARVEY NICHOLS
Press & Marketing Manager - Liverpool
Permanent · LIVERPOOL
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Team Manager
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Team Leader
Permanent · COALVILLE
HARVEY NICHOLS KNIGHTSBRIDGE
Collect in Store Consultant
Permanent · LONDON
FRASERS GROUP
HR Systems Administrator
Permanent · SHIREBROOK
FRASERS GROUP
Site SEO Manager
Permanent · STRETFORD
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, Stratford (Westfield)
Permanent · London
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, White City London (Westfield)
Permanent · London
SELFRIDGES
Tech Business Analyst - Customer & Omni
Permanent · LONDON
NEXT
Sales Manager - Coventry Arena RP
Permanent · COVENTRY
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · SELBY
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · EPSOM
EVERLAST GYMS
General Assistant - Everlast Gyms
Permanent · SALE
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · DENTON
FRASERS GROUP
Warehouse Section Manager - Night Shift
Permanent · SHIREBROOK
VIVIENNE WESTWOOD
PA to Creative Director
Permanent · LONDON
DR. MARTENS
eu HR Administrator - French And/or German Speaking
Permanent · LONDON
HARRODS
Cleaning Operative- Day or Night
Permanent · LONDON
HARRODS
Uniform Security Officer (Cctv Operator)
Permanent · LONDON
FLANNELS
Beauty Brand Manager - Pat Mcgarth
Permanent · BELFAST
Ads
By
Reuters
Published
Mar 8, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Costco's profit, same-store sales miss estimates

By
Reuters
Published
Mar 8, 2018

Costco Wholesale Corp on Wednesday missed estimates for quarterly profit and same-store sales, as the retailer faced stiff competition from Walmart and Amazon in a cut-throat U.S. retail industry.


Reuters


The membership-based retail chain’s heavy spending on bolstering its e-commerce capabilities and matching Amazon.com Inc’s prices in the last year have taken a toll on its bottom line.

Excluding items, Costco earned $1.42 per share, missing analysts’ estimates of $1.47, according to Thomson Reuters I/B/E/S.

However, Costco has been one of the few retailers that has held its own since Amazon’s acquisition of Whole Foods earlier in 2017, a deal that sent jitters among traditional grocery retailers and their investors.

The company’s shares have since bounced back, from their initial fall, and hit a record high in January.

Net income attributable to the company rose to $701 million, or $1.59 per share, in the second quarter ended Feb. 18, from $515 million, or $1.17 per share, a year earlier.

The company had a $74 million gain in the reported quarter related to changes in the U.S. tax law.

Comparable-store sales, excluding the impact of fuel and currency changes, rose 5.4 percent. Analysts on average had estimated a 5.6 percent increase.

Total revenue climbed 10.8 percent to $33 billion, edging past expectations of $32.75 billion.

Issaquah, Washington-based Costco’s shares fell slightly in after-hours trading.

© Thomson Reuters 2022 All rights reserved.