Costco Update -- 24 Hours Later -- September 27, 2024

Locator: 48410RETAIL.

Updates

September 28, 2024: say what you want, these are outstanding graphics. Link here. The print is small: 

Costco: $ / margins / change:

• net profit: $2.4 billion / 3.0% / +0.2 pp Y/Y
• operating profit: $3.0 billion / 3.8% / +0.3 pp Y/Y
• gross profit: $10.1 billion / 12.7% / +0.4 pp Y/Y
• revenue: $79.9 billion / -- / +1% Y/Y
• net sales: $78.2 billion  / -- / +1% Y/Y

Compare with Walmart (WMT), link here:

• net profit: $5.8 billion / 4.0% / +1.0 pp Y/Y
• operating profit: $5.6 billion / 3.0% / +0.5 pp Y/Y
• gross profit: $38.6 billion / 24% / +1.0 pp Y/Y
• revenue: $164.0 billion / -- / +7% Y/Y
• net sales: $162.7 billion  / -- / +7% Y/Y
• Walmart USA: $113.7 billion (ex Walmart international, Sam's Club
  

September 27, 2024: Costco scans membership cards at entrance to the store. Link here.

Original Post

WMT's P/E: 42.

Now:

 

Previously:

Locator: 48402RETAIL.

Tag: COST, Costco.  

Ticker after results: down 1.5%.  

Observations:

• P/Es -- this is hard to believe:
• COST: 56
• NVDA: 58
• Dividends: both pay minimal dividends, thought COST is much higher;
• Share price:
• COST: $900 / share
• NVDA: $125 / share
  

Which would you rather own? Last year. Three years ago I had a position in neither of these companies. Shortly after that I started building a position in one of these two companies. If you bought both either of these companies one year ago:

Margins? I can only guess. 60% vs 7%. Use your own numbers.

Results, link here. Easily beat "whisper number," also.

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Original Post

Link here.

COST earnings after close, the expectation from the WhisperNumber community is $5.14, 6c ahead of analyst estimates. Earnings came in $0.01 ahead of the whisper last quarter. 45% beat rate. Implied move +/-3.7%.