Latest news with #Scan-and-Go
Yahoo
3 days ago
- Business
- Yahoo
Costco Q3 Sales Rise 8% to $62 Billion
Costco (NASDAQ:COST) delivered a robust Q3 beat, with net sales up 8% to $61.96 billion and EPS soaring to $4.28 from $3.78 a year ago. Costco's scale helped absorb tariff and inflation headwinds, driving an 8.1% gain in adjusted comps and widening its pricing lead over grocery and convenience peers. Warning! GuruFocus has detected 5 Warning Sign with COST. Morgan Stanley's Simeon Gutman lifted his Overweight target to $1,225, praising the share gains and scale leverage. Oppenheimer's Rupesh Parikh called the results unsurprising but said they reinforce confidence in Costco's ongoing outperformance, flagging a potential stock split as a near-term catalyst. UBS's Michael Lasser highlighted the chain's consistency and execution, while Jefferies' Corey Tarlowe pointed to pilot programs like Scan-and-Go as proof of Costco's tech edge. Investors should care because Costco's ability to pass through costs without denting traffic underscores its membership moat and sets the stage for continued market-share gains even in a tougher consumer backdrop. This article first appeared on GuruFocus.
Yahoo
3 days ago
- Business
- Yahoo
Costco Q3 Sales Rise 8% to $62 Billion
Costco (NASDAQ:COST) delivered a robust Q3 beat, with net sales up 8% to $61.96 billion and EPS soaring to $4.28 from $3.78 a year ago. Costco's scale helped absorb tariff and inflation headwinds, driving an 8.1% gain in adjusted comps and widening its pricing lead over grocery and convenience peers. Warning! GuruFocus has detected 5 Warning Sign with COST. Morgan Stanley's Simeon Gutman lifted his Overweight target to $1,225, praising the share gains and scale leverage. Oppenheimer's Rupesh Parikh called the results unsurprising but said they reinforce confidence in Costco's ongoing outperformance, flagging a potential stock split as a near-term catalyst. UBS's Michael Lasser highlighted the chain's consistency and execution, while Jefferies' Corey Tarlowe pointed to pilot programs like Scan-and-Go as proof of Costco's tech edge. Investors should care because Costco's ability to pass through costs without denting traffic underscores its membership moat and sets the stage for continued market-share gains even in a tougher consumer backdrop. This article first appeared on GuruFocus. Sign in to access your portfolio
