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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Costco Reports on Q4 and FY 2019

10/04/2019

In a press release dated October 3rd Costco Wholesale Corporation (COST) announced results for the 4th Quarter and Fiscal 2019 ending September 1st 2019

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as $ x 1,000 except EPS)

4th Quarter Ending

Sept. 1st 2019

Sept. 2nd 2018

Difference (%)

Sales and membership:

$47,498,000

$44,411,000

+7.0

Gross profit:

$6,184,000

$5,740,000

+7.7

Operating income:

$1,463,000

$1,446,000

+1.2

Pre-tax Income

Net Income

$1,492,000

$1,097,000

$1,449,000

$1,043,000

+3.0

+5.2

Diluted earnings per share:

$2.47

$2.36

+4.7

Gross Margin (%)

13.1

12.9

+1.6

Operating Margin (%)

3.1

3.3

-6.1

Profit Margin (%)

2.3

2.3

0

Long-term Debt:

$5,124,000

$6,487,000

-21.0

12 Months Trailing:

     

Return on Assets (%)

7.1

   

Return on Equity (%)

26.8

   

Operating Margin (%)

3.1

   

Profit Margin (%)

2.4

   

Total Assets

$45,400,000

$40,830,000

+11.2

Market Capitalization

$127,891,000

   

For FY 2019 COST earned $3.66 billion on revenue of $152.70 billion. Comparative values for FY 2018 were net earnings of $3.13 billion (16.8 percent less than FY 2019), on revenue of $141.58 billion (7.8 percent less than FY 2018)

Fourth quarter comparative same-store sales gains were 6.2% for the U.S.; 2.6% Canada and 1.9% for the International market.

52-Week Range in Share Price: $189.51 to $307.34

Market Close : pre-release Oct.3rd $284.71. Close Oct.4 th $291.11

Forward P/E 31.7

COST operates 783 warehouse stores in total with 544 in the U.S.

In September Liberty Premium an affiliate of Costco commenced processing broilers in the new complex in Nebraska. The planned capacity is 2 million rotisserie-sized birds per week representing half of the Company requirement.


 
Copyright 2019 Simon M. Shane