Costco’s (COST) same-store sales rose 9% the last five weeks of the year. Net sales rose 14% for the period to $7.24 billion. Analysts had expected less.
Before Wall St. bids the stock up, it should answer the question about what the revenue cost Costco.
Circuit City (CC) was hammered when it announced a loss due to deep discounts. Costco may have had to cut margins to keep up with retailers like Wal-Mart (WMT).
Costco’s last quarter was strong, but it trimmed the high end of its forecasts. Investors should hope it does not have to cut again. Costco’s stock is up only 5% over the last year, so Wall St. is already skeptical.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
