Also see: Costco Q4 earnings rise on higher revenues; stock falls
Last quarter, total comparable sales increased by 10.2%. For the fourth quarter, the company is expected to see strength from comp sales which will be helped by improvements in store traffic. Costco’s strategy of providing discounts as well as its other initiatives have helped boost the company’s growth.
In the previous quarter, the company saw strong sales growth in both its stores and online channel. E-commerce sales were up 37%. Costco has been broadening its e-commerce footprint across the US and to several other countries. Any updates on e-commerce would be an essential area to keep an eye on.
Despite the weakness seen in the retail industry, Costco is expected to deliver positive results for the fourth quarter which in turn could give the stock a lift. A majority of analysts have given Costco ratings of Strong Buy and Buy. The stock is up over 26% so far this year, and over the past three months, it is up 12%.