Costco Executive Said- Gross Margin In Q4 Came In At 10.60%, Up 42 Basis Points Vs A Year Ago -Conf Call
Portfolio Pulse from Charles Gross
Costco's Q4 gross margin increased by 42 basis points to 10.60% compared to the same period last year, as per the company's executive during a conference call.
September 26, 2023 | 9:20 pm
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Costco's Q4 gross margin has increased by 42 basis points year-over-year, indicating improved profitability.
Gross margin is a key indicator of a company's financial health. The increase in Costco's gross margin suggests that the company is becoming more profitable, which could lead to a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100