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Costco Q1 earnings preview: Another quarter of growth expected as shoppers continue to prize value

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Costco News

BJ's Wholesale Club,Membership Fees

Wall Street expects Costco held onto its value proposition in its third fiscal quarter results.

. On Thursday afternoon, the company is expected to report net sales of $57.98 billion, up 8.07% year over year, and adjusted earnings of $3.70, up 8%.

A Costco Gold Star membership costs $60 per year, while an Executive Membership goes for $120. Some on the Street"We continue to believe a premium valuation is warranted, given Costco's superior global unit growth prospects, leading competitive position, and track record of driving share gains," Oppenheimer analyst Rupesh Parikh wrote in a note to clients, adding that "management can unlock even more shareholder value over time through driving alternative revenue streams.

COLCHESTER, VERMONT - NOVEMBER 13: A family moves through the check out lane with its groceries at a Costco Wholesale store November 13, 2023 in Colchester, Vermont. TFSA: 2 Canadian Stocks to Buy and Hold for Tax-Free Gains While the Nasdaq Composite is at a record high, some experts believe that a shift is coming in the market.Here are two top dividend stocks long-term investors may certainly want to consider for their yields and growth profiles right now. The post 2 Dividend Stocks Paying 5% or More That Could Beat the Market in 2024 and Beyond appeared first on The Motley Fool Canada.BCE has a higher dividend yield than Telus .

 

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