COST Costco Reports Strong Q2 Revenue Growth, Despite EPS Miss
Costco reported a 9% year-over-year increase in Q2 (February quarter) revenue, reaching $63.7 billion and surpassing expectations by $640 million. Adjusted comparable sales rose 9%, with e-commerce growing 22%. US comparable sales outpaced both Walmart and Target, increasing 9%, while membership fee income grew 7% to $1.2 billion. However, EPS of $4.02 fell short of estimates by $0.09, partly due to foreign exchange headwinds. Strong customer traffic and a 90.5% global renewal rate continue to underpin Costco’s premium valuation, with management noting stable consumer demand and increased spending on food at home.
COST is more expensive on an enterprise value to EBIT basis than it has ever been. It's even more expensive than NVDA. I am sure their earnings will be solid. But if there's any weakness in the guidance, this stock will likely get decimated.
COST Costco Reports Strong Q2 Revenue Growth, Despite EPS Miss
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