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Costco earnings beat big on the back of sales of gold bars and silver https://t.co/wbtC9403pe by @BrookeDiPalma
$COST: who wouldn't love these numbers in retail: SSS 5.6%, 2 yr stack 10.6%, Digital 16.2% with traffic WW 6.2% and USA 5%. Not cheap but for a reason.

Costco reported its Q2 earnings, revealing a mix of achievements and challenges. The company posted earnings of $3.62 per share, slightly above the expected $3.60, on revenues of $58.4 billion, which fell short of the anticipated $59.2 billion. This discrepancy led to a modest after-hours stock price decline of 0.1%, with the stock trading at $785.14. Despite this, Costco's stock had reached all-time highs earlier in the day, reflecting investor confidence. The company's performance includes a 6% year-over-year revenue increase and notable growth in e-commerce sales by 18.2%. Costco's consistent expansion, with 27 new warehouses added, bringing the total to 875, and a 5.8% company-wide comparable sales increase, underscores its ongoing success. However, the slight revenue miss and the after-hours stock dip highlight the challenges even leading retailers face in maintaining growth trajectories.