Costco Earnings Soared Past Estimates

·3 min read
Costco Earnings Soared Past Estimates

One of 2021's clear investment winners has been Costco (NASDAQ: COST) stock, which has risen 23% year to date -- beating the S&P 500's 18% gain over this same time frame. With such strong performance, expectations for the company were high going into Costco's fiscal fourth-quarter earnings release this week. Revenue and earnings per share for the quarter both easily beat analyst expectations, driven by strong double-digit growth in same-store sales.

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