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Grocers ended 2020 in a better position compared to other retailers and investors are wondering if the momentum can be sustained into 2021.
High Note: Seven of the largest grocery nationwide grocery chains saw a year-over-year foot traffic decline of just 2.5% on Dec. 23 and a 1.1% drop on Dec. 24. Read More.
Costco First-Quarter Earnings: What Wall Street Is Saying
Costco topped first-quarter estimates, leading to a number of bullish analyst notes on Friday.
Author:
Costco (
COST) - Get Report shares were little changed on Friday after the membership-based warehouse retailer reported reported first-quarter results that topped estimates. For the quarter ended Nov. 22 the Issaquah, Wash., company reported adjusted earnings of $2.29 a share compared with the consensus estimate of $2.09 a share in a FactSet survey. Revenue of $43.21 billion beat the estimate of $43.08 billion.
Here is what Wall Street is saying about Costco post-earnings.
JPMorgan (Overweight Rating Affirmed, PT Raised to $411 from $406)
[Costco] continues to be a core holding given that its
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