StockNews.AI
COST
Business Insider
6 hrs

Costco says new extended hours added 1% to weekly sales

1. Costco's CEO reported 1% increase in weekly sales from extended hours. 2. Company achieved 8.1% full-year revenue growth, totaling $269.9 billion. 3. New perks led to 1.1 million upgrades to executive memberships. 4. Costco's membership growth, with 81 million total, reflects strong consumer engagement. 5. Analyst views extended hours as a positive development for Costco.

4m saved
Insight
Article

FAQ

Why Bullish?

The reported sales and membership growth are likely to enhance investor confidence, similar to previous positive earnings reports that led to stock price increases.

How important is it?

The article highlights significant sales growth indicators for Costco, suggesting potential uplift in stock value.

Why Short Term?

The immediate effects from sales and membership changes will likely be visible in upcoming quarterly results.

Related Companies

Related News