) are sliding after the retailer posted a mixed fourth-quarter earnings report. Revenue came in at $79.70 billion, falling slightly below the expected $79.96 billion. Meanwhile, US comparable sales, ex-gasoline and currency impacts, were better than analysts were expecting.
He notes that Costco is well-positioned to benefit from a weaker consumer seeking value. Kirk explains that the retailer offers some of the best value in areas like groceries, which usually gets a boost when consumers shift away from dining at restaurants. In addition, he praises Costco's ability to capture younger consumers, calling it a"wonderful long-term sign for gaining share.
Is it so well positioned, do you think to take share and, and, and I guess what does that timeline look like? And they called out some of their kind of ethnic food options as, as where they might be seeing that or as evidence of where they are seeing that.Uh Part of the more bearish case a few years ago was how did the youngest cohorts, how do the young family formation?And for Costco, they, they've come into the stores very willingly eagerly and you can see it.
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