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Wall Street Breakfast Podcast: Costco Checks Out Strong
Source: seekingalpha.com
Corporate EarningsConsumer Demand & RetailCompany Fundamentals
Costco delivered an earnings beat, with revenue rising 12% to $95.72B and EPS increasing 15%, both above consensus estimates. Company-wide comparable sales grew 9.4%, supported by double-digit digital-channel growth, while membership fees increased 7%. The results indicate resilient consumer demand and continued momentum in Costco's high-margin membership model.
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moderately positive
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