• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. War Department: Last night, the U.S. military conducted a boarding, interception, and landing operation on the (VLCC) Veronica 3. The ship had been tracked from the Caribbean Sea to the Indian Ocean, attempting to defy quarantine orders.On February 15th, local time, Ibrahim Rezaei, spokesperson for the Iranian Parliaments National Security and Foreign Policy Committee, stated that the current negotiations did not discuss Iran halting or abandoning its uranium enrichment activities, nor did they discuss removing Irans nuclear materials from the country; these issues have been accepted by the United States. Rezaei stated that the Geneva negotiations are unrelated to the missile issue or regional issues. Iran believes that Israel is the primary issue in the region. The threat from Israel should be excluded from the Geneva negotiations and discussed with other countries in the region to ensure their development, peace, and common interests. Rezaei emphasized that the Iranian negotiating team has prepared a negotiating plan, "but considering the United States past record, we are not very optimistic about the outcome of the negotiations."On February 15th, Yum China Holdings Limited (09987.HK) announced on the Hong Kong Stock Exchange that on February 6th, 2026 (US time), the company granted certain equity incentives to certain grantees under its 2022 Long-Term Incentive Plan, involving 190,046 stock appreciation rights; 477,790 restricted stock units, of which 86,282 were granted to the companys Chief Executive Officer and Director, Qu Cuirong; and 305,204 performance stock units, of which 103,538 were granted to Qu Cuirong. As previously disclosed, Wei Zhe was appointed as a member of the Nomination and Governance Committee of the Board of Directors, effective December 12th, 2025. On the grant date, the company granted 86 shares to Wei Zhe under the 2022 Long-Term Incentive Plan. These shares were granted as stock-based remuneration for his role as a member of the Nomination and Governance Committee from December 2025 to May 2026, and calculated pro rataly.The Ukrainian military reported an attack on the Taman oil terminal in Russias Krasnodar region.February 15th - According to Hong Kong Stock Exchange filings, Shanghai Greely Software Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan International and CMB Capital as joint sponsors.

Costco Margins Are Impacted by Growing Freight And Labor Expenses, And The Stock Price Falls

Charlie Brooks

May 27, 2022 09:50

C2.png


Costco Wholesale Corp (NASDAQ:COST) announced a decline in gross margins on Thursday, impacted by rising freight and labor expenses across the United States. The news sent shares of the membership-only retailer down 2% and overshadowed an otherwise positive quarterly report.


Fresh COVID-19 lockdowns in China and the Russia-Ukraine conflict have compounded the problem for U.S. businesses.


Costco announced that it would increase prices in certain food categories in order to battle inflation.


Retailers such as Walmart (NYSE:WMT) Inc and Target Corp (NYSE:TGT) have warned that decades-high inflation will have a negative impact on their earnings, as shoppers hesitate from purchasing non-essential and high-margin goods.


The average Costco buyer earns more than the average Walmart and Target shopper, allowing Costco to generate quarterly earnings and revenue that easily exceeds expectations.


Memberships and sales have been boosted by the company's efforts to keep gas prices several cents below the national average.


Costco, in contrast to Walmart, reported that there has not been a significant shift from branded products to its private label product, Kirkland Signature.


"We aren't really observing a decline in commerce. This year, more money is being spent on tickets, dining out, travel, tires, and gasoline "In a post-earnings conference call, Robert Nelson, senior vice president of finance and investor relations, said.


Costco's gross margins decreased by 99 basis points in the third quarter.


According to data from Refinitiv IBES, Costco's total sales for the quarter ending May 8 increased by 16 percent to $52.60 billion, surpassing analysts' projections of $51.71 billion.


Excluding adjustments, Costco's earnings per share were $3.17, exceeding analysts' expectations of $3.03.