3 Key Takeaways From Costco's First Quarter
Costco has seen a great year, with increased revenue every quarter, and its stock price is up almost 50% year to date. However, the first quarter of fiscal 2020 wasn't a hit, and Costco's share price fell after its earnings release. These are five important takeaways from that first-quarter earnings report.
With so much focus on Amazon and its steady adversary Walmart, let's not forget that Costco (NASDAQ: COST) is a formidable player in consumer goods. Quarterly revenue of $37 billion and growing is almost a third of Walmart's, and that's significant on the national level. Over 90% of memberships in the U.S. and Canada renewed this quarter, a number that the company has been able to keep consistent, and Costco added approximately 800,000 new member households during the quarter. People like to shop at Costco.
Source Fool.com
