Costco Wholesale Corp
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Consumer Staples : Food & Staples Retailing | Large Cap Blend
Company profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world. The Company's average warehouse space is approximately 144,000 square feet. The Company's warehouses on average operate on a seven-day, 70-hour week. The Company offers merchandise in various categories, which include foods (including dry foods, packaged foods and groceries); sundries (including snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies); hardlines (including appliances, electronics, health and beauty aids, hardware, and garden and patio); fresh foods (including meat, produce, deli and bakery); softlines (including apparel and small appliances), and other (including gas stations and pharmacy).


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Abercrombie & Fitch shares soar after unexpected profit and sales beat

7:57 am ET August 27, 2020 (MarketWatch)

Abercrombie & Fitch Co. (ANF) stock soared 9.2% in Thursday premarket trading after the clothing retailer swung to a surprise second-quarter profit and beat sales expectations. Net income totaled $5.5 million, or 9 cents per share, after a loss of $31.1 million, or 48 cents per share, last year. Adjusted EPS was 23 cents. The FactSet consensus was for a loss of 83 cents per share. Sales of $698.3 million were down from $841.1 million last year but also ahead of the FactSet consensus for $658 million. Digital sales rose 56% to $386 million. As of August 1, Abercrombie & Fitch had cash and equivalents of $767 million, and $295 million under a senior-secured asset-based revolving credit facility. Abercrombie & Fitch expects third-quarter net sales to decline in the range of 15% to 20% compared with last year. The company did not provide additional guidance due to the uncertainty associated with COVID-19. Abercrombie & Fitch shares have tumbled 35.6% for the year to date while the S&P 500 index has gained 7.7% for the period.

-Tonya Garcia; 415-439-6400;

(END) Dow Jones Newswires

August 27, 2020 07:57 ET (11:57 GMT)

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