Costco seen gaining market share from stockpiling blitz [Seeking Alpha]
Costco Wholesale Corporation (COST)
Last costco wholesale corporation earnings: 3/5 04:15 pm
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Source: Seeking Alpha
Consumer Costco seen gaining market share from stockpiling blitz Mar. 3, 2020 9:54 AM ET | Costco Wholesale Corporation (COST) Clark Schultz UBS analyst Michael Lasser tries to make sense of the stockpiling sensation at Costco ( -0.7% Lasser says the benefit of stock up trips will likely be evident in Costco's February sales results because the period includes March 1 (the day lines went apocalyptic at some stores). The firm expects a 9.0% core U.S. same-store sales growth mark for February, which even by Costco's high standards is an excellent mark in retail. "Over the long-term, we think the stock ups will help accelerate COST's share gains. There are also questions about supply disruptions from China, but we believe it can manage through this better than most (a good portion of its sales are sourced outside of China)," notes Lasser. UBS has a Buy rating on Costco and price target of $335 vs. the average sell-side PT Previously: Big let's-stock-up rally in retail Click to subscrib
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COST
News
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- Is Costco Stock a Buying Opportunity or Overpriced Post October Sales? [Yahoo! Finance]Yahoo! Finance
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COST
Earnings
- 9/26/24 - Beat
COST
Sec Filings
- 11/7/24 - Form 8-K
- 10/24/24 - Form 4
- 10/24/24 - Form 4
- COST's page on the SEC website