Costco Wholesale Misses But Beats On Revenue – CWEB.com
Costco (NASDAQ:COST) Comparable sales increased 8.4% to help lift the company to 11% total sales growth for the quarter.
U.S. comparable sales were up 7.1% during the period, while international sales rose 15.7% Y/Y.
E-commerce sales jumped 28.5%.
Membership fee revenue rose to $716M vs. $636M a year ago.
COST has risen to new highs following a strong Q1 earnings report, the tax bill, and the ongoing bull market.
COST is filling its footprint out in North America while evaluating its optimal global warehouse store and omnichannel opportunities.
With a good start in meeting the AMZN (NASDAQ: AMZN) Whole Foods challenge, COST appears to me to merit its premium valuation.
Costco finishes fiscal 2017 with strength.
Expands into two new international markets, Iceland and France.
Costco carries a small margin of safety at the current price.
Costco (NASDAQ:COST) has reached a pic of it’s stock value at this levels.
Costco competitors are:
Sears (NASDAQ:SHLD) which trades around $3 with a huge upside coming soon after ER
Overstock (NASDAQ:OSTK) which trades $60
Dillards (NYSE:DDS) which trades $88
Nordstrom (NYSE:JWN) which trades $52
Macys (NYSE:M) which trades $30
Groupon (NASDAQ:GRPN) which trades around $5 with a huge upside
Walmart (NYSE:WMT) which trades around $88
Etsy (NASDAQ:ETSY) which trades around $25
Gap (NYSE:GPS) which trades around $34
BABA (NYSE:BABA) which trades around $180
Amazon ( NASDAQ:AMZN) which trades around $1500
CWEB Analyst’s have initiated a Hold Rating for Costco (NASDAQ:COST) and a Price Target of $150 within 12 months.
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.