Costco tops quarterly earnings expectations, even as sales remain soft
Publishing timestamp: 2023-09-26 18:59:35
Summary
Costco reported quarterly earnings that exceeded expectations, driven by strong grocery sales. However, sales of pricier items and e-commerce sales were weaker. The company has seen growth in membership and plans to open new stores. There is anticipation for a membership fee hike, but the timing has not been specified. Costco's stock has performed well this year.
Sentiment: MIXED
Keywords: target corp, breaking news: business, earnings, walmart inc, business news, retail industry, business, breaking news: earnings, costco wholesale corp, bj's wholesale club holdings inc,
Source: https://www.cnbc.com/2023/09/26/costco-cost-earnings-q4-2023.html