Reported 1 day ago
Costco has exceeded sales expectations in its fiscal first quarter, with adjusted earnings per share of $4.04 and revenues of $62.15 billion, both surpassing analyst predictions. The company attributed its success to inflation-weary consumers seeking quality and value, with same-store sales growing 7.2%. Despite concerns over potential tariffs and a slight miss in foot traffic growth, Costco continues to expand its membership base and e-commerce operations, positioning itself favorably for future growth.
Source: YAHOO