Do Costco's February Comparable Sales Justify Its Premium Valuation?

Key Takeaways COST reported 7.9% comparable sales growth for the four weeks ended March 1.COST saw digitally enabled comparable sales surge 21.8% in February.COST's net sales climbed 9.5% to $21.69B, partly helped by Lunar New Year timing and steady global demand.Costco Wholesale Corporation (COST) maintained steady comparable sales growth in February, reinforcing the case for its premium valuation. The retailer’s competitive pricing, quality merchandise, expanding e-commerce business, and extensive warehou ...