Costco Q4 Adj. e-Commerce Comparable Sales Grew 19.5%, Total Company Comparable Sales Grew 6.9%
Portfolio Pulse from Benzinga Newsdesk
Costco reported a 19.5% growth in Q4 adjusted e-commerce comparable sales and a 6.9% growth in total company comparable sales.
September 26, 2024 | 8:18 pm
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Costco's Q4 results indicate robust growth in both e-commerce and total comparable sales, with e-commerce sales increasing by 19.5% and total sales by 6.9%.
The significant growth in e-commerce sales suggests a successful adaptation to online retail trends, which is crucial for future growth. The overall increase in comparable sales reflects strong performance across the company, likely leading to positive investor sentiment and a potential short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100