Thursday, January 4, 2018

Costco Clearly Not Hurt by the 'Amazon Effect'

The Street

Costco Wholesale Corp. had a holly, jolly Christmas.

In December, Costco's same-store sales grew an impressive 11.5%, topping Wall Street's estimate of just 8.1% growth and Gordon Haskett analyst Chuck Grom's forecast of 9% growth.

According to Grom, December was the fifth-straight month Costco reported double-digit total sales growth, which the analyst said is a "testament to the model, which is generating strong comps from both new and mature units.". . . more