Costco, AbbVie, and Ford raise F-150 Lightning prices

59
1
Costco, AbbVie, and Ford raise F-150 Lightning prices

In September, Costco COST Total comparable store sales increased 8.5%, beating Wall Street's earnings estimate of 6.3%. Comparable sales excluding changes in gasoline prices and foreign exchange rose 8.6%. Net sales for last month were $21.5 billion, up 10.1% from a year ago.

Ford F The company is raising the price of its F-150 lightning for the second time in recent months, due to higher costs and supply chain issues. The 2023 F-150 Lightning Pro, aimed at commercial users, will cost $51,974, up $5,000 from its previous starting price. This is the second time Ford has raised the price for its F-150 Lightning in two months. Ford said in a statement that it is adjusting the price due to continuing supply chain constraints, rising material costs and other market factors, and that it plans to continue to monitor pricing throughout the model year. Abbvie ABBV The biopharmaceutical company said in a filing that its third-quarter earnings are expected to include acquired IPR&D and milestones expense of $40 million on a pre-tax basis. The full-year 2022 adjusted EPS forecast is $13.76 to $13.96, and AbbVie's third quarter adjusted earnings per share guidance is $3.53 to $3.57.