We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Costco (COST) Continues with Positive Comparable Sales Trend
Read MoreHide Full Article
Costco Wholesale Corporation (COST - Free Report) has continued to post positive comparable-store sales (comps) so far this year. Comps for five-week ended Apr 2, 2017 increased 6%, following an increase of 4% in February and 7% in January. The company generated net sales of $11.64 billion in March, up 9% year over year. Notably, net sales increased 8% and 9% in February and January, respectively.
We note that shares of Costco have climbed roughly 4.3% year to date, and has comfortably outperformed the Zacks categorized Retail-Discount & Variety industry’s decline of 3.3%.
Comps for March reflect an increase of 7%, 3% and 4% at the U.S., Canada and Other International locations, respectively. Excluding the impact of foreign currency fluctuations and gasoline prices, Costco’s comps for the month under review rose 5%. The company recorded comps increase of 6%, 3% and 6% at the U.S., Canada and Other International locations.
For the 31-week period ended Apr 2, 2017, Costco reported 3% jump in comps, displaying an increase of 3% and 6% at the U.S. and Canadian locations, respectively, and flat comps at Other International locations. Net sales for the period came in at $72.82 billion, an increase of 6% from the year-ago period.
Costco, which faces stiff competition from Wal-Mart Stores Inc. (WMT - Free Report) , operates 729 warehouses, comprising 508 warehouses in the U.S. and Puerto Rico, 95 in Canada, 37 in Mexico, 28 in the UK, 25 in Japan, 13 in Korea, 13 in Taiwan, eight in Australia, and two in Spain.
Children's Place delivered an average positive earnings surprise of 39% in the trailing four quarters and has a long-term earnings growth rate of 8%.
Burlington Stores delivered an average positive earnings surprise of 26.3% in the trailing four quarters and has a long-term earnings growth rate of 15.9%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Costco (COST) Continues with Positive Comparable Sales Trend
Costco Wholesale Corporation (COST - Free Report) has continued to post positive comparable-store sales (comps) so far this year. Comps for five-week ended Apr 2, 2017 increased 6%, following an increase of 4% in February and 7% in January. The company generated net sales of $11.64 billion in March, up 9% year over year. Notably, net sales increased 8% and 9% in February and January, respectively.
We note that shares of Costco have climbed roughly 4.3% year to date, and has comfortably outperformed the Zacks categorized Retail-Discount & Variety industry’s decline of 3.3%.
Comps for March reflect an increase of 7%, 3% and 4% at the U.S., Canada and Other International locations, respectively. Excluding the impact of foreign currency fluctuations and gasoline prices, Costco’s comps for the month under review rose 5%. The company recorded comps increase of 6%, 3% and 6% at the U.S., Canada and Other International locations.
For the 31-week period ended Apr 2, 2017, Costco reported 3% jump in comps, displaying an increase of 3% and 6% at the U.S. and Canadian locations, respectively, and flat comps at Other International locations. Net sales for the period came in at $72.82 billion, an increase of 6% from the year-ago period.
Costco, which faces stiff competition from Wal-Mart Stores Inc. (WMT - Free Report) , operates 729 warehouses, comprising 508 warehouses in the U.S. and Puerto Rico, 95 in Canada, 37 in Mexico, 28 in the UK, 25 in Japan, 13 in Korea, 13 in Taiwan, eight in Australia, and two in Spain.
Zacks Rank
Costco currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the retail space are The Children's Place, Inc. (PLCE - Free Report) and Burlington Stores, Inc. (BURL - Free Report) both flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Children's Place delivered an average positive earnings surprise of 39% in the trailing four quarters and has a long-term earnings growth rate of 8%.
Burlington Stores delivered an average positive earnings surprise of 26.3% in the trailing four quarters and has a long-term earnings growth rate of 15.9%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>