From Yahoo Finance: 2024-05-30 18:20:18

Costco posted strong earnings, with net sales of $58.52 billion and adjusted earnings of $3.78 beating estimates. Same-store sales rose 6.5%, with international sales up 8.5% and e-commerce up 20.7%. The company has seen foot traffic increase and plans to stay competitive without big price cuts. Costco’s membership fees also saw a 7.6% increase, with 74.5 million total paid members. Earnings beat Wall Street estimates across the board. Shares are up 25% year to date, outperforming the S&P 500’s gain. Analysts are optimistic about Costco’s growth prospects and consistent market share gain.



Read more at Yahoo Finance: Costco Q3 earnings beat all key metrics after shares closed at an all-time high