Reported 4 months ago
Costco is expected to report another quarter of growth as consumers continue to seek value on everyday essentials. The wholesale retailer is projected to announce net sales of $57.98 billion, an 8.07% increase year over year, with adjusted earnings of $3.70, up 8%. Strong same-store sales growth is anticipated, especially in Canada and the US. E-commerce is also expected to see growth, with an estimated 11.5% year-over-year increase. Membership fees are predicted to rise, and analysts believe Costco's stock will continue to benefit from its strong market position and growth prospects. Wall Street is keen to hear about the performance of non-food categories and traditional strengths like fresh food in the upcoming earnings report.
Source: YAHOO