Costco Q4 Net Sales Hit $93.9B as Membership Renewals Top 92%
Costco reported Q4 net sales of $93.9B and $6.75 diluted EPS, propelled by a 92.3% renewal rate in the US and Canada and a 19.5% digital sales jump.
Stock Market
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Viking Therapeutics Prices Upsized $500M Dual Capital Raise
Viking Therapeutics priced an upsized $500M capital raise, pairing $275M in common stock at $35 and $225M in 2% convertible senior notes due 2032.
Oracle Invokes Force Majeure on $165B Project Jupiter AI Site
Oracle issued a force majeure notice to developer Blue Owl Capital over its $165B Project Jupiter data center in New Mexico following pipeline permit delays.
Stitch Fix Q4 Revenue Hits $324M as Checkout Glitch Dents FY27
Stitch Fix reported Q4 revenue of $324.4 million, but shares dropped after hours as an August checkout glitch and shipment shifts clouded its FY27 outlook.
Cintas Posts Record $3.01B Q1 Revenue, Raises FY27 Guidance
Cintas reported fiscal Q1 2027 revenue of $3.01B, up 10.9%, operating margin of 23.6%, and raised full-year guidance while pursuing its UniFirst buyout.
McDonald’s Unveils $8.5B Plan and Low-50s Margin Goal
McDonald’s sets 2030 financial targets, committing $8.5B in franchisee support, deploying ArchIQ AI, and targeting low-to-mid 50% operating margins.
DoorDash Inks $131.5M NYC Delivery Worker Settlement
DoorDash agreed to a $131.5 million settlement with New York City resolving food delivery pay compliance issues, backed by $4.42 billion in company cash.
Group 1 Automotive Inks Pact With Conifer, Expands Board
Group 1 Automotive entered a stockholder agreement with 12.7% owner Conifer Management, expanding its board to 11 and capping Conifer at 19% ownership.
NCMI Buys Captivate for $275M to Form 48,000-Screen Ad Network
National CineMedia completed its $275 million acquisition of Captivate, funded by a new Crestline first-lien term loan, uniting 48,000 screens across 185 DMAs.
AMD Reaches $1T Market Cap; Q2 Filing Shows Data Center Growth
AMD reached a reported $1 trillion market value. Its Q2 filing shows 50% revenue growth, but the valuation benchmark uses a dated share count and needs context.