Costco Powers Past Wall Street Expectations, Boasts Double-Digit E-Commerce Gains
1. Costco reported 9.8% growth in December core sales, surpassing estimates. 2. E-commerce surged 35.7% year-over-year, boosted by Black Friday sales shift. 3. Higher-income consumers are driving spending growth, enhancing Costco's market position. 4. Core comps rose 10.3% in Canada, showcasing international success. 5. JPMorgan maintains Overweight rating, adjusting price target to $1,065.