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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 $58.52 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 ...