Costco Builds Momentum on Early Holiday Strength
The holiday shopping season is an important one for retailers, and Costco Wholesale (NASDAQ: COST) is one of the first companies to provide a firm reading on how the holidays have gone. Thanks to the unusual way in which it manages its fiscal year, the quarterly results that it just reported included the prime Thanksgiving holiday shopping weekend, and that promised to show whether the decision earlier this year to boost the amount of annual membership fees that it charges customers would pay off.
Coming into Thursday's fiscal first-quarter financial report, Costco investors were optimistic about the retailer's prospects, pointing to early sales results that suggested strong performance. Bottom-line numbers were equally impressive, and that was exactly what shareholders wanted to see going as year-end shopping hits its peak. Let's take a closer look at how Costco Wholesale and what's ahead for the retailer.
Image source: Costco.
Source: Fool.com
Costco Wholesale Stock
The stock is one of the favorites of our community with 57 Buy predictions and 1 Sell predictions.
As a result the target price of 946 € shows a slightly positive potential of 16.1% compared to the current price of 814.8 € for Costco Wholesale.
