Costco Earnings Report Today- What to Expect
After the closing bell today, Costco (COST) will be releasing their quarterly earnings report. The retailer’s stock is priced at $902 right now and is down 0.67%.
The discount retail company is expected to show a decent quarter for this report, mostly off the back of increasing the annual membership fee. This is the company’s fourth fiscal quarter for the year, so it will include a fiscal year wrap-up as well and considerably impact their stock price.
Costco has done a decent job of controlling their costs this quarter and throughout 2024. They have consistently kept shareholders happy by demonstrating a strong understanding of how to be cost efficient and still keep sales up.
What has really helped keep Costco going through the tough economic times is their very loyal customer base, and they have managed to retain a lot of their customers and keep traffic in their stores up even when other retailers have struggled.
Costco Stock Price- What to Know
It is concerning that the company’s stock price is down ahead of their earnings report. That demonstrates a lack of faith from at least some investors in their ability to pull off a good quarter.
The company’s stock price has dramatically improved over the course of the year, with a gain of 39%, climbing from $648 at the beginning of the year to its current value of over $900. Despite the pullback on the stock right now, all indicators point to a good report for Costco and for the stock price to keep on climbing. Costco is bringing in plenty of business during a time when retail sales are up and are mostly shared among a few of the major retailers, like Walmart and Costco.
Costco likely will not deviate too much from what we have seen so far from it this year. The company is likely to play things safe and keep conservative guidance figures for the coming fiscal year