Valued at a market cap of $417.1 billion, Costco Wholesale Corporation (COST) sells high volumes of foods and general merchandise at discounted prices through membership warehouses. The Issaquah, Washington-based company offers three types of memberships to its customers: Business, Gold Star, and Executive. It is expected to announce its fiscal Q2 earnings results on Thursday, Mar. 6.
Ahead of this event, analysts project the retail giant to report a profit of $4.07 per share, up 9.7% from $3.71 per share in the year-ago quarter. The company has beaten Wall Street's bottom-line estimates in the last two quarters. In Q1, Costco’s EPS of $3.82 marginally outpaced the forecasted figure.
