1. Channel: Club

Costco reports mixed quarter, but we see positive catalysts on the horizon

Written by Posted on Less than 0 min read

Costco Wholesale (COST) reported mixed fiscal first-quarter results after the closing bell Thursday, amid weaker consumer demand.

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Channel: Drug

Walgreens beats earnings expectations after omicron-fueled demand for tests and boosters lifted sales

Walgreens Boots Alliance shares fell as demand linked to the coronavirus pandemic slowed and the company ramped up its investments in health-care services. The drugstore chain has drawn foot traffic and higher sales during the pandemic, particularly when Covid cases spike. Walgreens maintained its outlook for the year, despite beating Wall Street’s fiscal second-quarter earnings […]
4 min read
0
4
  1. Corporate Strategy

Nordstrom stock surges after activist investor Ryan Cohen buys stake in retailer

 [[“value”:”GameStop Chairman Ryan Cohen is targeting former Bed Bath & Beyond CEO Mark Tritton, a member of Nordstrom’s board.”]]  View Original Article Executives Bed Bath & Beyond CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Uncategorized

Gun law advocates hail new credit card code as a way to cut down on suspicious sales

Gun law advocates hail new credit card code as a way to cut down on suspicious sales View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people […]
< 1 min read
0
  1. Department: Consumer Durables

Adidas shares tank after company issues warning over unsold Yeezy stock

Adidas shares plummeted after the company said it could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to sell Yeezy stock.” View Original Article Dept. Apparel Editor's Choice CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
< 1 min read
0
  1. Uncategorized

NCAA and ESPN ink 8-year, $920 million media rights deal

​[[“value”:”The agreement between the NCAA and ESPN has an annual value of $115 million, nearly triple that of the current deal.”]]  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more […]
< 1 min read
0
  1. Channel: Restaurants

Yum Brands disappoints as Middle East conflict weighs on sales growth

Yum is the third global restaurant giant to report disappointing revenue for the last three months of 2023. View Original Article Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Channel: Club

Cramer says ‘strap yourself to the mast’ on Costco, regardless of a pullback

​[[“value”:”The Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.”]]  View Original Article Costco CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across […]
< 1 min read
0
  1. Department: Adult Beverage

As Constellation’s shares fall on weak earnings, we see a buying opportunity

Alcoholic beverage producer Constellation Brands (STZ) reported mixed fiscal 2023 third-quarter earnings on Thursday before the opening bell. While the results came in short of our expectations, we see the subsequent drop in the Corona beermaker’s share price as chance for investors to buy up the stock. Net sales climbed 5% year-over-year, to $2.44 billion, […]
4 min read
0
  1. Corporate Strategy

Peloton CEO John Foley to step down, transition to executive chair as company cuts 2,800 jobs, says report

The news of CEO John Foley stepping down comes ahead of Peloton’s fiscal second-quarter results, which are set to come after the market closes on Tuesday. View Original Article Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Department: Consumer Durables

Adidas warns of big earnings hit after ending Ye partnership

Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand. View Original Article Results & Investment Partnerships Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon halts plan to stop accepting Visa credit cards in the UK

Amazon was expected to prevent Brits from using a Visa-issued credit card on its platform from Jan. 19. View Original Article Amazon International - UK CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by […]
< 1 min read
0
  1. Associates & Employees

Gap to lay off 1,800 workers as part of broad push to cut costs

​ ​Gap will lay off 1,800 employees in roles at headquarters and in leadership positions in a cost-cutting move the retailer said will save it $300 million.  View Original Article Associates CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Channel: Specialty & Other

Kohl’s says a real estate sale is on the table after scrapping deal talks

Kohl’s might not be selling its business after all. But it’s now looking to sell some of its real estate. View Original Article Brick and Mortar CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Trends & External Forces

How NBA star Damian Lillard turned a common foot injury into a sneaker business

​ ​[[“value”:”Portland Trail Blazer Damian Lillard co-founded sneaker insole company Move after seeing the impact that good foot health could have on his NBA playing career.”]]  View Original Article Health & Wellness CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Where Amazon is heading in health after the Amazon Care failure

Amazon Care is ending, but the internet giant’s ambitions in the health sector are only growing with more cash going to acquisitions than startup investments. KEY POINTS When Amazon announced plans to acquire One Medical earlier in the summer, it seemed likely that something had to give: either the One Medical brand or Amazon Care. […]
6 min read
0
5
  1. Holiday & Events

Here’s what Black Friday sales tell us about the retail sector — and our top pick

The holiday shopping season got off to a solid start over the weekend, as online Black Friday sales beat expectations. View Original Article Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Technology & Innovation

Microsoft announces new multibillion-dollar investment in ChatGPT-maker OpenAI

KEY POINTS Microsoft on Monday announced a new multiyear, multibillion-dollar investment with ChatGPT-maker OpenAI. Microsoft declined to provide a specific dollar amount, but Semafor reported earlier this month that Microsoft was in talks to invest as much as $10 billion. The deal marks the third phase of the partnership between the two companies, following Microsoft’s previous investments in 2019 and […]
2 min read
0
5
  1. Channel: Ecommerce & Digital

Amazon ‘not concerned’ about wave of unionizing because of competitive pay, benefits, exec says

​[[“value”:”Amazon workers in warehouses in the U.S. and U.K. have pushed to form unions due to complaints over wage rises and working conditions.”]]  View Original Article Associates Amazon Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Data & Insights

Millennials plan to stick with online shopping even as stores rebound, new survey finds

​   ​  [[“value”:”While early pandemic saw an unprecedented online shopping boom, in-person shopping has been ready for a resurgence, as shoppers return to reopened stores. “]]    View Original Article Shoppers COVID19 Thick Data Consumers Brick and Mortar CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news […]
< 1 min read
0
  1. Shopper & Customer

Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Bloomin’ Brands, Restaurant Brands International and Starbucks said they aren’t seeing changes in consumer spending. View Original Article Consumers International Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million […]
< 1 min read
0
Next