Friday, December 15, 2017

Costco Rises as Results Display Big-Box Retailer’s Resiliency

Image result for costcoCostco Wholesale Corp. is reinforcing Wall Street’s sentiment that the big-box retailer is equipped to thrive in an e-commerce era. 

The company’s shares rose in early trading after first-quarter earnings beat analysts’ estimates. Profit is only part of the story, though: Chief Financial Officer Richard Galanti said on a conference call he was pleased that membership renewal rates remained steady after a warning last quarter that they could drop. Investors have keyed on the metric as a barometer of consumers’ enthusiasm for the brand. . . . more

No comments: