1. Costco sold 4.5 million pies before Thanksgiving, setting a record. 2. Black Friday e-commerce revenue exceeded $250 million, indicating strong demand. 3. Q1 revenue reached $67.31 billion, surpassing analyst estimates. 4. Comparable sales increased 6.4% year-over-year, demonstrating growth. 5. Bernstein analyst raised COST's price target to $1146, maintaining an Outperform rating.
FAQ
Why Bullish?
Costco's strong sales growth and beating earnings expectations indicate positive market sentiment. Historical examples show similar sales spikes correlate with stock price appreciation.
How important is it?
The article discusses record sales and earnings, indicating a strong financial performance that typically influences stock prices positively.
Why Short Term?
Immediate positive results from record sales will likely reflect in short-term trading. Last year's strong holiday sales were followed by short-term price increases.