<p>Costco 將在週四股市收盤後公佈季度財報。</p>
<p><em>這家知名的批發商預計將宣佈每股收益為 5.08 美元，營收為 800.3 億美元。</em></p>
<p><em>這兩個數據較上一季度的結果大幅上升，上一季度的數據分別為每股收益 3.78 美元和營收 585.2 億美元。</em></p>
<p><em>關於增加會員費的信息可能會成為本次財報電話會議的焦點。</em></p>
<h2>Costco 財報預覽</h2>
<p>留待公佈季度財報的少數家庭公司之一是 <strong>Costco</strong>（COST）。週四股市收盤後，將公佈季度財報，投資者寄予厚望。</p>
<p>預計 Costco 將公佈每股收益為 5.08 美元，營收為 800.3 億美元，較僅一個季度前的每股收益 3.78 美元和營收 585.2 億美元有所增長。在 7 月宣佈每股 1.16 美元的股息後，Costco 還宣佈會員費將上調。</p>
<p>以下是新聞稿的摘錄：“公司還宣佈，自 9 月 1 日起，將為美國和加拿大的金星（個人）、商業和商業附加會員的年度會員費提高 5 美元。隨着此次調整，所有...將支付 65 美元的年度會費。自 9 月 1 日起，美國和加拿大高管會員的年度會費將從 120 美元增加到 130 美元（65 美元的主要會員費加上 65 美元的高管升級費），高管會員關聯的最大年度 2% 獎勵將從 1000 美元增加到 1250 美元。會費調整將影響約 5200 萬會員，其中一半多一點是高管會員。”</p>
<p>有趣的是，要看看增加的會費如何在今年剩下的時間以及 2025 年的預測中發揮作用，本季度盈利預期大幅增長。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/bltbbade015761f6a73/66f32c03f82be1a9867f7880/COST_YTD_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/bltbbade015761f6a73/66f32c03f82be1a9867f7880/COST_YTD_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA"/></p>
<p>COST 股票在 2024 年表現出色，年初開盤價為 655.58 美元，今天圍繞 900 美元每股徘徊，接近年內高點。在 8 月初市場大幅拋售時，Costco 股價上漲。在消費者在波動時期尋求削減成本時，它可能被視為投資者的避風港。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/blt21e29bd9b49115d0/66f32c035d63981adf23706d/COST_EM_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/blt21e29bd9b49115d0/66f32c035d63981adf23706d/COST_EM_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA"/></p>
<p>Costco 今年上漲超過 37%，接近歷史高位。隱含波動性相對於其他已經發布財報的熱門股票符號較低。觀察本週預期的股價波動，我們可以看到未來幾天的預期股價波動為 +/- 35.10 美元。</p>
<p>這超過了股價名義價值的 3%，考慮到大多數熱門股票的盈利範圍在 5%-10% 之間。展望年底，我們可以看到預期的股價波動為 +/- 95.41 美元，計入 2025 年 1 月到期週期，這意味着本次財報僅佔到了年底預期股價波動的三分之一。</p>
<h2><strong>對 Costco 的財報持樂觀態度</strong></h2>
<p>對 Costco 的財報持樂觀態度的參與者可能會期待像股票分拆這樣的意外公告，配合上超出預期盈利的財報。今年我們已經看到像 <strong>MicroStrategy</strong>（MSTR）、<strong>NVIDIA</strong>（NVDA）、<strong>Chipotle</strong>（CMG）和 <strong>Broadcom</strong>（AVGO）這樣的熱門公司進行了股票分拆。雖然樂觀的行情並不總是跟隨着分拆，但它確實吸引了人們對股票的關注。隨着 Costco 接近歷史高位，如果我們期待股價週五早上開盤較高，他們需要發佈強勁的財報。</p>
<h2><strong>對 Costco 的財報持悲觀態度</strong></h2>
<p>持悲觀態度的 Costco 看跌者期待財報未達預期，也許在價格上漲後會有會員表現的抑制。價格上漲會阻止會員繼續他們的會員資格嗎？任何負面數據都可能導致股價週五早上的看跌。</p>
<p><strong>Mike Butler</strong>，<em>tastylive 市場情報總監，已在市場和交易領域工作了十年。他出現在</em> <em>Options Trading Concepts Live</em> <em>，每週一至週五播出。@tradermikeyb</em></p>
<p><strong>獲取實時每日節目、市場新聞和評論</strong> <em>，請訪問</em> <em>tastylive</em> <em>或 YouTube 頻道</em> <em>tastylive</em> <em>（供期權交易者使用），以及</em> <em>tastyliveTrending</em> _（供股票、期貨、外匯和宏觀交易者使用）。</p>
<p><strong>與更好的經紀人交易</strong> <em>，</em> <em>立即開設 tastytrade 賬户。tastylive, Inc.和 tastytrade, Inc.是獨立但關聯的公司。</em></p>

開市客

<p>開市客將在週四收盤後公佈季度財報，預計每股收益為 3.08 美元，營收達到 540.3 億美元，較上一季度顯著增長。增加的會員費將是關注重點，影響約 5200 萬會員。開市客股價今年已上漲超過 37%，接近歷史最高水平，財報公佈前隱含波動率較低。投資者正在猜測可能會有股票分拆的公告，同時也擔憂會員費增加對會員留存的影響</p>

<h2>Costco will report quarterly earnings after the stock market closes on Thursday.</h2>
<ul>
<li></li>
</ul>
<div class="lb-trans"><p>Costco 將在週四股市收盤後公佈季度財報。</p>
</div><h2><em>The popular wholesaler is expected to announce earnings-per-share of $5.08 on $80.03 billion in revenue.</em></h2>
<div class="lb-trans"><p><em>這家知名的批發商預計將宣佈每股收益為 5.08 美元，營收為 800.3 億美元。</em></p>
</div><h2><em>Both estimates are way up from last quarter's results, which were $3.78 and $58.52 billion, respectively.</em></h2>
<div class="lb-trans"><p><em>這兩個數據較上一季度的結果大幅上升，上一季度的數據分別為每股收益 3.78 美元和營收 585.2 億美元。</em></p>
</div><p><em>Information regarding increased membership fees will likely be a focal point for this earnings call.</em></p>
<div class="lb-trans"><p><em>關於增加會員費的信息可能會成為本次財報電話會議的焦點。</em></p>
</div><h2><strong>Costco Earnings Preview</strong></h2>
<div class="lb-trans"><h2>Costco 財報預覽</h2>
</div><p>One of the few household company names left to release quarterly earnings is <strong>Costco</strong> (COST). On Thursday after the market closes, quarterly earnings will be released, and investors have great expectations.</p>
<div class="lb-trans"><p>留待公佈季度財報的少數家庭公司之一是 <strong>Costco</strong>（COST）。週四股市收盤後，將公佈季度財報，投資者寄予厚望。</p>
</div><p>Costco is expected to report an earnings-per-share (EPS) of $5.08 on $80.03 billion in revenue, up from EPS of $3.78 on $58.52 billion in revenue just a quarter ago. After announcing a $1.16 dividend in July, Costco also announced membership fees are going up.</p>
<div class="lb-trans"><p>預計 Costco 將公佈每股收益為 5.08 美元，營收為 800.3 億美元，較僅一個季度前的每股收益 3.78 美元和營收 585.2 億美元有所增長。在 7 月宣佈每股 1.16 美元的股息後，Costco 還宣佈會員費將上調。</p>
</div><p>Here’s an excerpt from the press release: &#34;The company also announced that, effective Sept. 1, it will increase annual membership fees by $5 for U.S. and Canada Gold Star (individual), business, and business add-on members. With this increase, all ... will pay an annual fee of $65. Also effective September 1, annual fees for Executive Memberships in the U.S. and Canada will increase from $120 to $130 (Primary membership of $65, plus the Executive upgrade of $65), and the maximum annual 2% Reward associated with the Executive Membership will increase from $1,000 to $1,250. The fee increases will impact around 52 million memberships, a little over half of which are Executive.&#34;</p>
<div class="lb-trans"><p>以下是新聞稿的摘錄：“公司還宣佈，自 9 月 1 日起，將為美國和加拿大的金星（個人）、商業和商業附加會員的年度會員費提高 5 美元。隨着此次調整，所有...將支付 65 美元的年度會費。自 9 月 1 日起，美國和加拿大高管會員的年度會費將從 120 美元增加到 130 美元（65 美元的主要會員費加上 65 美元的高管升級費），高管會員關聯的最大年度 2% 獎勵將從 1000 美元增加到 1250 美元。會費調整將影響約 5200 萬會員，其中一半多一點是高管會員。”</p>
</div><p>It will be interesting to see how increased fees may play a role in forecasting for the rest of the year and into 2025, with such a sharp increase in earnings estimates this quarter.</p>
<div class="lb-trans"><p>有趣的是，要看看增加的會費如何在今年剩下的時間以及 2025 年的預測中發揮作用，本季度盈利預期大幅增長。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/bltbbade015761f6a73/66f32c03f82be1a9867f7880/COST_YTD_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA" alt="" original-src="https://images.contentstack.io/v3/assets/blt40263f25ec36953f/bltbbade015761f6a73/66f32c03f82be1a9867f7880/COST_YTD_924.png?format=pjpg&amp;auto=webp&amp;quality=50&amp;width=1000&amp;disable=upscale"/></p>
<p>COST stock has had a stellar 2024, opening the year at $655.58, and its hovering around $900 per share today—near the highs of the year. When the markets were selling off aggressively in early August, Costco's stock price was moving to the upside. It could be seen as a safe haven for investors when consumers are looking to cut costs in volatile times.</p>
<div class="lb-trans"><p>COST 股票在 2024 年表現出色，年初開盤價為 655.58 美元，今天圍繞 900 美元每股徘徊，接近年內高點。在 8 月初市場大幅拋售時，Costco 股價上漲。在消費者在波動時期尋求削減成本時，它可能被視為投資者的避風港。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/blt21e29bd9b49115d0/66f32c035d63981adf23706d/COST_EM_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA" alt="" original-src="https://images.contentstack.io/v3/assets/blt40263f25ec36953f/blt21e29bd9b49115d0/66f32c035d63981adf23706d/COST_EM_924.png?format=pjpg&amp;auto=webp&amp;quality=50&amp;width=1000&amp;disable=upscale"/></p>
<p>Costco is up over 37% on the year, sitting close to all time highs. The implied volatility is relatively low compared to other popular ticker symbols that have already released earnings. Looking at the expected stock price move this week, we can see a +/- $35.10 implied move for the next few days.</p>
<div class="lb-trans"><p>Costco 今年上漲超過 37%，接近歷史高位。隱含波動性相對於其他已經發布財報的熱門股票符號較低。觀察本週預期的股價波動，我們可以看到未來幾天的預期股價波動為 +/- 35.10 美元。</p>
</div><p>This is just over 3% of the notional value of the stock price, which is very low considering most popular stocks land in the 5%-10% range for earnings. Looking to the end of the year, we can see a +/- $95.41 expected stock price move priced into the January 2025 expiration cycle, which means this earnings report accounts for just over a third of the expected stock price move through the end of the year.</p>
<div class="lb-trans"><p>這超過了股價名義價值的 3%，考慮到大多數熱門股票的盈利範圍在 5%-10% 之間。展望年底，我們可以看到預期的股價波動為 +/- 95.41 美元，計入 2025 年 1 月到期週期，這意味着本次財報僅佔到了年底預期股價波動的三分之一。</p>
</div><h2><strong>Bullish on Costco for earnings</strong></h2>
<div class="lb-trans"><h2><strong>對 Costco 的財報持樂觀態度</strong></h2>
</div><p>Earnings participants who are bullish on Costco for earnings may be looking for a surprise announcement like a stock split, paired with an earnings beat on elevated earnings expectations. We've seen popular names like <strong>MicroStrategy</strong> (MSTR), <strong>NVIDIA</strong> (NVDA), <strong>Chipotle</strong> (CMG) and <strong>Broadcom</strong> (AVGO) split this year. And while a bullish run doesn't always follow a split, it certainly draws attention to the stock. With Costco near all-time highs, they'll need to post a strong earnings report if we're to expect the stock price will open higher on Friday morning.</p>
<div class="lb-trans"><p>對 Costco 的財報持樂觀態度的參與者可能會期待像股票分拆這樣的意外公告，配合上超出預期盈利的財報。今年我們已經看到像 <strong>MicroStrategy</strong>（MSTR）、<strong>NVIDIA</strong>（NVDA）、<strong>Chipotle</strong>（CMG）和 <strong>Broadcom</strong>（AVGO）這樣的熱門公司進行了股票分拆。雖然樂觀的行情並不總是跟隨着分拆，但它確實吸引了人們對股票的關注。隨着 Costco 接近歷史高位，如果我們期待股價週五早上開盤較高，他們需要發佈強勁的財報。</p>
</div><h2><strong>Bearish on Costco for earnings</strong></h2>
<div class="lb-trans"><h2><strong>對 Costco 的財報持悲觀態度</strong></h2>
</div><p>Costco bears are looking for an earnings miss, and maybe a temperance of membership performance after the price hike. Could the price hike deter members from continuing their memberships? Any sort of negative data could result in a bearish move in the stock price on Friday morning.</p>
<div class="lb-trans"><p>持悲觀態度的 Costco 看跌者期待財報未達預期，也許在價格上漲後會有會員表現的抑制。價格上漲會阻止會員繼續他們的會員資格嗎？任何負面數據都可能導致股價週五早上的看跌。</p>
</div><p><strong>Mike Butler</strong>, <em>tastylive director of market intelligence, has been in the markets and trading for a decade. He appears on</em> <em>Options Trading Concepts Live</em> <em>, airing Monday-Friday. @tradermikeyb</em></p>
<div class="lb-trans"><p><strong>Mike Butler</strong>，<em>tastylive 市場情報總監，已在市場和交易領域工作了十年。他出現在</em> <em>Options Trading Concepts Live</em> <em>，每週一至週五播出。@tradermikeyb</em></p>
</div><p><strong>For live daily programming, market news and commentary</strong> <em>, visit</em> <em>tastylive</em> <em>or the YouTube channels</em> <em>tastylive</em> <em>(for options traders), and</em> <em>tastyliveTrending</em> <em>for stocks, futures, forex &amp; macro.</em></p>
<div class="lb-trans"><p><strong>獲取實時每日節目、市場新聞和評論</strong> <em>，請訪問</em> <em>tastylive</em> <em>或 YouTube 頻道</em> <em>tastylive</em> <em>（供期權交易者使用），以及</em> <em>tastyliveTrending</em> _（供股票、期貨、外匯和宏觀交易者使用）。</p>
</div><p><strong>Trade with a better broker</strong> <em>,</em> <em>open a tastytrade account</em> <em>today. tastylive, Inc. and tastytrade, Inc. are separate but affiliated companies.</em></p>
<div class="lb-trans"><p><strong>與更好的經紀人交易</strong> <em>，</em> <em>立即開設 tastytrade 賬户。tastylive, Inc.和 tastytrade, Inc.是獨立但關聯的公司。</em></p>
</div>

對開市客收益的預期很高——股票分割即將到來？