Unpacking the Costco Craze
On Monday, Costco (COST) hit a fresh 52-week high. The stock is up 20.56% year to date. Can anything stop Costco?
Since bottoming out in May, Costco is on a momentum tear. Same-store sales picked up, and the stock took off. June same-store sales were up 3%, July comps rose 5%, and Costco closed out August with same-store sales up 6% (compared with the 4.4% consensus). August U.S. sales were even more impressive at 7%. International sales were up 4%, slightly dragging down the company's overall results....280 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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