COST's 5.7% comp sales growth in September highlights its steady momentum, fueled by loyal members and surging online demand.
Costco Wholesale Corp. on Wednesday said it notched an 8% year-over-year sales gain through last month, continuing its streak of sales gains and easing Wall Street's concerns about future growth.
Shares of Costco (NASDAQ:COST) have finally entered correction territory, dipping by close to 14% from its all-time highs.
CFO Gary Millerchip says Costco attracts younger shoppers under 40 through digital sign-ups, with 81 million total paid members reported.
COST's 14% surge in membership fees highlights strong sign-ups and upgrades, but softening renewal rates test the pace of its growth.
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Reports that a group of investors could be gearing up for a takeover bid helped drive a power-up for a major video game publisher, while soft same-store sales results in the U.S. weighed on the stock of a membership warehouse club.
We've run out of near-term catalysts for a refreshment to the bull run, at least until tomorrow's PCE report comes out.
Costco's CEO said the extended shopping hours for executive members boosted weekly sales by 1%. The wholesale club beat expectations with full-year revenue growth of 8.1%.
Weekly Jobless Claims Less Than Expected.
Earnings have been the steady engine throughout this multi-year bull market, which has broadened out in 2025 and is now approaching its third birthday.
Costco's decision to open stores early for executive members wasn't guaranteed to be a success. Foot traffic data indicates the move is looking like a big win for the wholesale club.