Reported about 23 hours ago
Costco's recent fiscal first-quarter earnings surpassed expectations, with e-commerce sales up 13% year-over-year. Analyst Corey Tarlowe emphasized that memberships are central to Costco's sustained success, contributing to impressive market share and the highest operating margins the company has seen in over two decades. With plans to open 25-30 clubs annually, primarily in the U.S., Costco continues to capitalize on growth opportunities in existing markets.
Source: YAHOO