- Costco’s total comparable sales for August increased by 5%.
- This growth fell slightly short of the estimated 5.1%.
- The estimate was the average of 10 industry experts’ forecasts (Consensus Metrix).
- In the US, Costco’s comparable sales, excluding fuel and currency impacts, rose by 6.7%.
- This US growth exceeded expectations, which anticipated a 6.2% increase.
- Analysts’ ratings for Costco include 28 “buy” recommendations, 15 “hold” recommendations, and 1 “sell” recommendation.
Costco Wholesale on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are bullish on Costco Wholesale Corporation’s performance. In one report titled “Costco Wholesale Corporation: A Tale Of Value and Engagement through Core-on-Core Strategy! – Major Drivers,” they highlight the company’s consistent growth and strategies driving member engagement and loyalty. Despite the absence of immediate plans for a membership fee increase, Costco’s net income for the third quarter of 2024 saw a significant increase, reaching $1.68 billion.
In another report by Baptista Research, “Costco Wholesale Corporation: Are Its Efforts With Respect To E-commerce Penetration & Delivery Expansion Working Well? – Major Drivers,” CFO Richard Galanti’s positive outlook on the company’s future is emphasized. The fiscal results for Q2 2024 show a net income of $1.743 billion, up from the previous year, indicating solid growth and successful operational changes at Costco Wholesale Corporation.
A look at Costco Wholesale Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Costco Wholesale Corporation, a renowned wholesale membership warehouse operator, has received a positive long-term outlook based on Smartkarma Smart Scores. With a growth score of 4, resilience score of 4, and momentum score of 4, Costco seems poised for continued success in the future. This indicates strong potential for growth, a resilient business model, and favorable momentum within the market.
Despite having average scores in value and dividend factors, Costco’s exceptional performance in growth, resilience, and momentum bodes well for its long-term prospects. The company’s diverse product range including food, automotive supplies, electronics, and apparel positions it well for sustained growth and stability in the competitive retail landscape. Investors may view Costco as a promising investment option due to its positive Smart Scores and robust business profile.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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