Workflow
Stocks Fell Today. Costco's Shares Rose.
CostcoCostco(US:COST) Investopediaยท2025-10-09 22:15

Core Insights - Costco's stock experienced a 3% increase, closing at nearly $943, despite a general decline in U.S. indexes, driven by strong September sales figures [1][2]. Sales Performance - September retail sales for Costco rose 5% year-over-year, reaching approximately $26.6 billion, indicating a positive start to the holiday season [2]. - The company's September sales growth of 9% in 2024 was viewed positively by investors, despite being lower than the previous year's figures, which were influenced by external factors such as Hurricane Helene and port strikes [4][7]. Investor Sentiment - Investors anticipated a potential slowdown in sales growth but reacted favorably to the results, considering the context of last year's unusually high demand [3][7]. - Analysts from UBS noted that the results reflect a strong performance, with a mean price target for Costco shares set at $1,065, suggesting a potential upside of about 13% from the recent close [5][6]. Additional Metrics - Global same-store sales for Costco increased by 5.7%, and the newly introduced metric for "digitally-enabled comparable sales" surged over 26%, highlighting the growing importance of digital sales channels [5].