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A Long-Term Play: Why Costco Is Poised For Growth, Cautious Buy
COSTCostco(COST) Seeking Alpha·2024-06-11 00:51

jetcityimage Investment Thesis Costco (NASDAQ:COST) delivered a robust performance in its fiscal third quarter, surpassing analysts' expectations on both revenue and earnings. The warehouse giant reported net sales of 58.52billion,exceedingestimatesof58.52 billion, exceeding estimates of 57.98 billion. This translates to a 9.1% YoY, showcasing continued customer demand for Costco's bulk offerings. Strength wasn't limited to just overall sales. Comparable store sales, a key metric that excludes the impact of gasoline prices and FX fluctua ...