Costco Wholesale Corp

NASDAQ:COSTUnited States

Sep 12, 2024

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• DJ Costco's 4Q Results to Be Fueled by Pressured Cash Trapped Consumer -- Market Talk, from 7:05PM ET on Thursday Sep 12, 2024 by Dow Jones

  7:05PM ET on Thursday Sep 12, 2024 by Dow Jones
  Companies Mentioned: COST
  
  1905 ET - Costco's upcoming results, expected for Sept. 26, will likely show that it's continuing to execute at a high level, UBS analysts say in a research note. The company's gaining market share, based on its monthly comparatives, and generating consistent and robust traffic growth, the analysts say. Costco is also seeing a faster recovery in general merchandise category than the rest of the market, the analysts add. UBS estimates 4Q sales will grow 0.9% on a core comp of 7.1%, with net member growth, rising traffic and store openings helping to contribute to growth. "Moving forward, we believe Costco can continue to appeal to a cash strapped consumer by investing some of its membership fee gains into prices." Shares closed up 1.6% to $915.03. (sabela.ojea@wsj.com; @sabelaojeaguix)
  

• Costco's Market Share Gains Set to Continue, UBS Says, from 3:40PM ET on Thursday Sep 12, 2024 by MT Newswires

  3:40PM ET on Thursday Sep 12, 2024 by MT Newswires
  Companies Mentioned: COST
  03:40 PM EDT, 09/12/2024 (MT Newswires) -- Costco Wholesale (COST) continues to gain market share with "consistent and robust traffic growth" averaging 6.5% worldwide in recent months, outpacing competitors, UBS said in a note Wednesday. Costco is e...