1. Costco's Q1 net sales reached nearly $66 billion, up 8.2% year-over-year. 2. Comparable sales in the US grew by 5.9%, driven by traffic and ticket size increases. 3. Memberships increased by over 5%, totaling nearly 146 million cardholders. 4. The holiday season was record-setting, with significant sales in the food court. 5. Costco filed a lawsuit to recover tariffs paid under a previous executive order.
FAQ
Why Very Bullish?
Costco's strong sales growth and membership increases indicate robust consumer demand. Historically, strong sales reports often lead to stock price appreciation.
How important is it?
The article highlights significant sales growth and expansion, crucial for investor confidence and future trading activities. Increased memberships drive long-term revenue stability.
Why Long Term?
Sustained growth in sales and memberships suggests a solid long-term trajectory for Costco's performance. For instance, past positive quarterly earnings led to stock gains over subsequent quarters.