Costco Shares Down 1.6%, Prepares for 12.7% EPS Growth and Viral Sneaker Drop
Costco shares fell 1.58% to $996.08, underperforming the S&P 500’s 0.56% gain, as investors await March 5 earnings pegged at $4.53 per share on $69.22 billion revenue, implying 12.7% EPS growth. The retailer’s premium 50.2x forward P/E and viral $135 Nike Kirkland sneaker drop highlight strong brand appeal.
1. Stock Performance and Market Comparison
Costco closed at $996.08, down 1.58% from the prior session, trailing the S&P 500’s 0.56% gain, the Dow’s 0.26% rise and the Nasdaq’s 0.78% increase. Earlier this month, shares had climbed 4.96%, outpacing the Retail-Wholesale sector’s 5.72% decline and the S&P 500’s 1.27% drop.
2. Earnings Projections and Valuation Metrics
Costco will report fiscal Q2 results on March 5, with consensus EPS of $4.53 (up 12.7% year-over-year) and revenue of $69.22 billion (up 8.6%). Full-year estimates call for $20.18 per share on $297.12 billion revenue, reflecting 12.2% and 7.9% growth; the stock trades at a 50.16x forward P/E versus the industry’s 27.85x and a PEG of 5.34 against a 3.0 industry average.
3. Sneaker Collaboration Highlights Brand Strength
Costco’s surprise in-store release of the Nike SB Dunk Low x Kirkland Signature sold out instantly at $135 per pair in select warehouses, driving secondary-market prices above $600. The limited drop underscores Costco’s cultural cachet and ability to generate store visits beyond core merchandise sales.