Costco Q1 Earnings Beat Estimates, Comparable Sales Rise 5.2% Y/Y
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Costco's Q1 earnings exceeded expectations with a 7.5% increase in sales and a 5.2% rise in comparable sales year-over-year. Memberships grew to 77.4 million with a high renewal rate of 90.4%, indicating strong customer loyalty.
December 13, 2024 | 2:45 pm
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Costco's Q1 earnings surpassed expectations with a 7.5% sales increase and a 5.2% rise in comparable sales. Memberships reached 77.4 million with a 90.4% renewal rate, reflecting strong customer loyalty.
The positive earnings report, with sales and membership growth, indicates strong business performance and customer loyalty, likely boosting investor confidence and positively impacting Costco's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100