The Costco business "does tend to be fairly recession-proof," Kodali explained, adding that Costco is "similar to other mass merchants like Walmart in large part because when a consumer may have lower expectations for the future, they're going to fly to value."
"We believe COST's consistency stands out as another factor that supports its premium valuation," BMO Capital Markets analyst Kelly Bania said. Membership fees revenue came in at $1.51 billion, higher than Wall Street expectations of $1.46 billion. In the third quarter, the company brought in $1.04 billion in membership fee revenue.
Costco delayed increasing membership costs again this quarter, though Costco's Galanti reiterated that the fee increase is "a question of when, not if."
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Costco Q4 earnings preview: High gas prices expected to fuel Costco sales, foot trafficCostco's value proposition — especially when it comes to cheap gasoline — continues to bring in customers.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Costco earnings call worries investors despite beating estimatesCostco (COST) shares trend lower in Wednesday's pre-market session after reporting its fourth-quarter earnings results yesterday. While Costco beat earnings and revenue estimates, investors reacted negatively to other details: Costco cited weaker-than-expected same-store sales growth, higher wage expenses, and no plans to increase membership fees in its earnings call. Yahoo Finance Reporter Brooke DiPalma breaks down the details of Costco's earnings call and what this means for the future of the company. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Costco earnings: Wage inflation continues to be an issue, analyst saysCostco Wholesale's (COST) fourth quarter earnings beat analyst estimates on both the top and bottom lines. CFRA Analyst Arun Sundaram says that though gross margins have improved, 'wage inflation seems to be a continued issue.' When it comes to speculation over whether the warehouse club retailer will raise its membership fees, Sundaram says he's been anticipating one, and now that inflation is coming down, he thinks we could see an increase announced by the end of the year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Costco Q4 earnings top estimates as high gas prices fuel foot trafficCostco's value proposition — especially when it comes to cheap gasoline — continues to bring in customers.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
What Costco's earnings are saying about the retail sectorCostco (COST) topped earnings and revenue estimates as other retailers are reporting weakness across the sector. Forrester Research Retail Analyst Sucharita Kodali joins Yahoo Finance Live to react to Costco's fourth-quarter earnings report and how it compares to the consumer narratives playing out in the larger retail space. 'Costco's business does tend to be fairly recession-proof, similar to other mass merchants like Walmart, in large part because when a consumer may have lower expectations for the future, they're going to fly to value,' Kodali says. 'Costco absolutely offers that.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »