"Costco's Diverse Offerings Drive Record Earnings Amid Market Shifts"
TL;DR Summary
Costco's sales surged by 9.1% in the third fiscal quarter of 2024, driven by unique items like wagyu beef, $1,200 swing sets, and artificial trees. The company reported a net income increase of 29.1% and significant growth in e-commerce and app downloads. Despite strong performance, shares remained flat in premarket trade. Costco plans to open 12 new locations and may raise membership fees in the future.
- Costco sales boosted by wagyu beef, swing sets, and fake trees Business Insider
- Costco Q3 earnings beat all key metrics after the stock closed at an all-time high Yahoo Finance
- Costco and BJ's, Usually Go-Tos for Everyday Goods, Now Gobbling Up Discretionary Market Share The Wall Street Journal
- Costco shares dip despite earnings beat. There's no cause for investor concern CNBC
- Costco doesn’t raise membership fees, says $1.50 price for hot dogs is safe MarketWatch
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