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COST - Costco Wholesale News Story

$452.11 1.0  0.2%

Last Trade - 21/09/21

Consumer Cyclicals
Large Cap
Market Cap £146.03bn
Enterprise Value £143.80bn
Revenue £136.66bn
Position in Universe 52nd / 7157

FACTBOX-U.S. companies gear up as Delta variant surges

Wed 21st July, 2021 6:58pm
July 21 (Reuters) - A year after the COVID-19 pandemic
overwhelmed corporate America, the fast-spreading Delta variant
of the coronavirus poses new challenges, but U.S. companies
don't expect a big impact.
    The more contagious Delta variant was first detected in
India earlier this year and has since become the dominant strain
 in the United States and several other countries.
    But last year's challenges including rising costs, strict
government restrictions and remote work have prepared many
companies to better tackle the situation.
    Here's what companies said about the Delta variant's impact
on their businesses: 
 Company        Comments 
 Anthem Inc     CEO Gail Boudreaux said the company was "very
  ANTM.N        prudent about what's going to happen with the
                Delta variant," and any potential impact was
                part of the forecast. Anthem raised its annual
                profit forecast.*:nL4N2OX26G 
 Apple Inc      The tech giant will delay the return of its
  AAPL.O        employees to office by at least a month to
                October at the earliest, according to media
 Baker Hughes   The oilfield service company said it does not
 Co  BKR.N      expect new variants to slow down oil recovery.
                    ".. we expect spending and activity levels
                to gain momentum through the year as the macro
                environment improves, likely setting up the
                industry for stronger growth in 2022," CEO
                Lorenzo Simonelli said. 
 Coca-Cola Co   The soda maker said it was "well-equipped" to
  KO.N          manage a potential hit from the Delta
 Chipotle       CEO Brian Niccol said challenges related to
 Mexican Grill  COVID-19 remained, including uncertainty
 Inc  CMG.N     regarding the impact of the Delta variant.
                However, he said Chipotle was up to the
                "challenge and we're hopeful that we'll
                gradually see a more stable environment over
 Costco         Costco reinstated specific shopping hours for
 Wholesale      customers aged 60 and older, just weeks after
 Corp  COST.O   scrapping the rule first put in place in March
                last year.
 Goldman Sachs  The firm warned that the Delta variant and
 Group Inc      uneven vaccination rates create uncertainty for
  GS.N          macro markets. 

 (Reporting by Nivedita Balu in Bengaluru; Editing by Devika
 ((; Twitter: @niveditabalu;))
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