Sam's Club, a subsidiary of Walmart, has expanded its food service offerings by launching delivery for its popular Member's Mark 16-inch Hot Baked Pizza at most locations nationwide. This move positions Sam's Club to compete directly with pizza chains like Domino's. Meanwhile, Costco Wholesale is preparing to release its fiscal third-quarter earnings report, with analysts expecting earnings of $4.24 per share. Costco has reported strong monthly sales growth, with same-store sales up 6.7% in April, including a 7.1% increase in the U.S. and 6.5% internationally. Worldwide traffic rose by 4.2%. Despite a challenging forward price-to-earnings ratio of 50 times, Costco continues to demonstrate robust retail performance. Additionally, Costco is addressing customer experience issues such as long checkout lines. Walmart's stock showed resilience following a difficult earnings report, and the retail sector remains attentive to Costco's upcoming results.
#Earnings spotlight: #Costco Wholesale Costco Wholesale ( $COST) is one of several retailers on the earnings calendar, with the warehouse club slated to disclose its fiscal third-quarter results after Thursday's close. Analysts expect COST to report earnings of $4.24 per share
Doing homework on $COST - reports this week. Monthly results remain impressive - April SSS up 6.7%, US +7.1%, Intl +6.5%. Traffic most impressive +4.2% WW. 50x forward a challenge but the haves are the haves in retail for a reason. $TGT needs to find a page in their book.
Doing homework on $COST - reports this week. Monthly results remail impressive - April SSS up 6.7%, US +7.1%, Intl +6.5%. Traffic most impressive - +4.2% WW. 50x forward a challenge but the haves are the haves in retail for a reason. $TGT needs to find a page in their book.