Reported 10 days ago
Costco (COST) shares have dropped following a mixed fourth-quarter earnings report, where revenue of $79.70 billion fell short of expectations. Although US comparable sales outperformed analysts' forecasts, concerns about the company's high price-to-earnings ratio (55) and a potential stall in growth have led to cautious outlooks. Analysts highlight Costco's strengths in capturing younger consumers and providing value, especially in grocery sales, which could appeal to a budget-conscious audience.
Source: YAHOO