Costco sales jump 11%, revenue tops Wall Street expectations

Costco reported higher net sales versus the year-ago period and revenue that beat Wall Street estimates, signaling solid retail demand. Adjusted comparable sales rose 6.6% for the quarter, a healthy same-store sales increase that supports the stock’s fundamental momentum.

Analysis

Costco reported higher net sales versus the year-ago period and revenue that beat Wall Street estimates, signaling solid retail demand. Adjusted comparable sales rose 6.6% for the quarter, a healthy same-store sales increase that supports the stock’s fundamental momentum.