Costco Wholesale Corp

NASDAQ:COSTUnited States

Nov 7, 2024

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• Costco Delivers Robust Sales Performance in October, UBS Says, from 12:53PM ET on Thursday Nov 07, 2024 by MT Newswires

  12:53PM ET on Thursday Nov 07, 2024 by MT Newswires
  Companies Mentioned: COST
  12:53 PM EST, 11/07/2024 (MT Newswires) -- Costco Wholesale (COST) sales performance in October was strong, driven by a robust 4.7% traffic growth, UBS said in a Wednesday report. "With each month passing, COST is consistently proving that it remain...

• DJ NRF Backs Holiday Spending Outlook, Too Soon to Know Effect of Election -- Market Talk, from 11:49AM ET on Thursday Nov 07, 2024 by Dow Jones

  11:49AM ET on Thursday Nov 07, 2024 by Dow Jones
  Companies Mentioned: M, KSS, ROST, TGT, WBA, WMT, AAPL, AMZN, COST
  
  1143 ET -- Mixed economic indicators aren't dampening the National Retail Federation's holiday spending outlook. However, it's too soon to predict the effect this week's election results will have on the economy for the remainder of the year, warns Chief Economist Jack Kleinhenz. Recent mixed indicators include the economy having gained far fewer jobs than expected in October, offset by a historically low unemployment rate. GDP growth slowed sequentially. He also notes salaries and wages posted their slowest growth since late 2021 but are still ahead of inflation, which continues to cool. "Putting all these considerations together, this holiday season looks very good," Kleinhenz says. NRF backs its outlook that retail sales during the November to December holiday season will increase between 2.5% and 3.5% over 2023. (connor.hart@wsj.com)