Costco Wholesale Corporation Earnings Soar, Thanks to Strong Sales
Following a sales slowdown that lasted for most of 2016, Costco Wholesale (NASDAQ: COST) has come roaring back this year. Comp-sales growth has been accelerating in recent months, culminating in a double-digit gain during November.
Some of this comp-sales growth stems from relatively inconsequential factors, such as higher gasoline prices and a slightly weaker U.S. dollar. However, customer traffic has also improved significantly in recent months. Last week, Costco reported that it successfully capitalized on this organic sales growth to deliver a strong double-digit increase in EPS in the first quarter of fiscal 2018.
Costco is one of the few retailers that still reports its sales every month. As a result, investors have known for a while that the discount warehouse giant knocked it out of the park last quarter.
Source: Fool.com
Costco Wholesale Aktie
Klare Kaufempfehlung: Costco Wholesale erhält nur Buy-Einschätzungen.
Das Community-Kursziel von 804 € für Costco Wholesale deutet auf ein leicht positives Wachstumspotenzial gegenüber 753.2 € hin.
