Costco (COST) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
COST's June sales rose 8% on strong e-commerce and membership gains, but valuation may give investors pause.
Stocks are moving higher ahead of earnings season. Many of the big technology stocks are expected to do well.
COST's June sales rose 8% to $26.44B, reinforcing its role as a defensive retail play amid spending uncertainty.
COST posts 5.8% June comp sales growth, fueled by strong 11.5% e-commerce gains and steady demand from value-focused shoppers.
In the world of consumer staples and retail stocks, Costco (NASDAQ:COST) remains one of the best growth stocks in the market.
Kirkland Signature is now bigger than some of the world's biggest companies—and it has become essential to Costco's business.
Costco's total company comparable sales increased 5.8% in June, driven by demand for fresh foods and non-food categories like jewelry, major appliances and gift cards. By region, the retailer's sales were up 4.7% in the United States, 6.7% in Canada and 10.
Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO) reported an 8% year-over-year jump in sales to $26.44 billion for the month of June, driven by membership loyalty, its e-Commerce expansion and international growth. Comparable sales were up 5.8% from the same month in 2024, including 4.7% growth in the US, 6.7% growth in Canada and a 10.9% jump in other international markets.
Net sales rose 8% year over year to a little over $26.4 billion.
Costco Wholesale Corp. on Wednesday reported $26.44 billion in sales for the five weeks that ended on July 6, marking a year-over-year gain of 8% and a month-to-month acceleration of sales growth.
Zacks.com users have recently been watching Costco (COST) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.