Costco earnings on deck with big ticket demand, spending outlook in focus

shares edged lower in pre-market trading ahead of the bulk discount retailer's fourth quarter earnings slated for after the closing bell.

The summertime surge in gas prices, which lifted the average cost of a gallon to around $3.96 last month, according to Energy Department data, is likely to boost foot traffic at Costco as members take advantage of discount gas prices . Costco said in late May that weaker spending on big-ticket items held back sale-store sales for the three months ending on May 7, as overall net revenues rose 1.9% from last year to $52.6 billion, missing Street forecasts.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Costco earnings: Can the retailer keep rolling as analysts speculate on membership-fee hike?Costco Wholesale Corp. reports fiscal fourth-quarter results after the close on Tuesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

CarMax will outperform as growth turns and market share improves, analysts say By Investing.comCarMax will outperform as growth turns and market share improves, analysts say
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks lower, Biden joins strikes, Kashkari warning, Tesla, CostcoStocks lower, Biden joins strikes, Kashkari warning, Tesla, Costco
Source: startelegram - 🏆 248. / 63 Read more »

Costco earnings, United Natural Foods, new home sales: 3 things to watch By Investing.comCostco earnings, United Natural Foods, new home sales: 3 things to watch
Source: Investingcom - 🏆 450. / 53 Read more »