Costco Prepares For Q3 Earnings Release: Comparable Sales And Market Challenges Draw Investor Attention
Portfolio Pulse from AJ Fabino
Costco Wholesale Corporation (NASDAQ:COST) is set to announce its Q3 earnings on Thursday, with analysts expecting $3.30 earnings per share and $54.64 billion in revenue. Investors will be closely watching the company's comparable sales performance, as unfavorable exchange rates and fluctuating fuel prices may impact the metric.
May 24, 2023 | 4:29 pm
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Costco is set to announce Q3 earnings, with expectations of $3.30 EPS and $54.64 billion in revenue. Comparable sales performance will be a key focus for investors due to market challenges.
Costco's Q3 earnings announcement will draw investor attention to its comparable sales performance, which may be impacted by unfavorable exchange rates and fluctuating fuel prices. While the expected earnings per share and revenue are important, the focus on comparable sales performance and market challenges may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100