Costco's Extended Hours Bolster Strong Comps, Analyst Recommends Disciplined Buy
1. COST reported July sales of $20.89 billion, up 8.5% year-over-year. 2. JP Morgan raised COST's price forecast from $1,115 to $1,160. 3. E-commerce sales increased 14.9%, indicating robust online performance. 4. New operational hours contributed to a 1.5-point sales uplift. 5. Analyst expects sales benefits to accelerate during holiday shopping.