Costco Archives - CFO

CPI Inflation Falls to 7.1% YoY In November: Weekly Stat

CPI Inflation Falls to 7.1% YoY In November: Weekly Stat

But pockets of resistance linger in the consumer price index, and wage inflation could keep the Fed busy.

By Vincent Ryan | December 14, 2022

Costco Posts 11.4% Same-Store Sales Increase

Financial Performance

Costco Posts 11.4% Same-Store Sales Increase

The big-box retailer continued to benefit from shoppers stocking up on everything from food to patio furniture.

By Matthew Heller | September 25, 2020

Costco Shares Drop on 4th Quarter Sales Miss

Financial Performance

Costco Shares Drop on 4th Quarter Sales Miss

The stock had risen 42% this year as the warehouse retailer benefited from strong consumer spending.

By Matthew Heller | October 4, 2019

Smart Moves to Make Now Ahead of a Recession

Smart Moves to Make Now Ahead of a Recession

Seize the day and think of a recession as the best time to pass competitors, says Bain & Co.

By David McCann | May 21, 2019

MoviePass Owner Says Q3 Revenue Overstated

Revenue Recognition

MoviePass Owner Says Q3 Revenue Overstated

Helios & Matheson Analytics incorrectly recognized $6.6 million in revenue from MoviePass, bringing its third-quarter loss to $146.7 million.

By Matthew Heller | March 12, 2019

Costco Warns of Material Weakness in Controls

Financial Performance

Costco Warns of Material Weakness in Controls

The warning related to IT systems that "support the company’s financial reporting processes" drove Costco's stock down 2.4%.

By Matthew Heller | October 5, 2018

Investors Uneasy Over Costco Profit Growth

Financial Performance

Investors Uneasy Over Costco Profit Growth

The retailer's Q4 earnings beat estimates and same-store sales were up 6.1% but its shares dropped nearly 3% in after-market trading.

By Matthew Heller | October 6, 2017

Rewards Spending Cuts Into AmEx Profit

Financial Performance

Rewards Spending Cuts Into AmEx Profit

The company's consolidated expenses rose 21% to $5.8 billion in Q2 as it tried to keep affluent customers from switching to rivals.

By Matthew Heller | July 20, 2017

AmEx Sales Drop 2% to $7.9B, Beat Estimates

Financial Performance

AmEx Sales Drop 2% to $7.9B, Beat Estimates

The company has been more aggressively marketing its products and making changes to the Platinum Card to recover from the loss of its Costco partnership.

By Matthew Heller | April 19, 2017

Costco Hikes Fees by $5 as Q2 Earnings Miss

Costco Hikes Fees by $5 as Q2 Earnings Miss

CFO Richard Galanti says the competitive challenges Costco is facing from Sam's Club and Target are “formidable.”

By Matthew Heller | March 6, 2017

Costco Returns to Same-Store Sales Growth

Costco Returns to Same-Store Sales Growth

The retailer's comp sales rose 1% in the first quarter while profit was boosted by higher margins on fresh food items.

By Matthew Heller | December 9, 2016

American Express to Slash $1B in Expenses

Operating Expenses

American Express to Slash $1B in Expenses

The company is combining its banking, risk, and legal organizations into a single group and appointing a new chief risk officer.

By Katie Kuehner-Hebert | February 18, 2016

AmEx Stock Slump Continues on Q4 Report

AmEx Stock Slump Continues on Q4 Report

The shares slump nearly 12% as AmEx CEO Ken Chenault says the company is now "operating in a new reality."

By Matthew Heller | January 22, 2016

Walmart’s Next Move

Workplace Issues

Walmart’s Next Move

The giant retailer is launching a new strategy, emphasizing e-commerce and the customer experience, says CFO Charles Holley.

By Edward Teach | May 14, 2015

How to Avoid Bankruptcy: Lessons from a Short Seller

How to Avoid Bankruptcy: Lessons from a Short Seller

Hedge fund manager Scott Fearon's book reveals how companies ensure their demise.

By David McCann | March 23, 2015