Costco Reports Better Than Expected Q4 Earnings
<p><a href='https://financialmodelingprep.com/financial-summary/COST'>Costco (NASDAQ:COST)</a> posted Q4 earnings per share (EPS) of $4.86, surpassing the Street forecast of $4.78. The quarterly revenue stood at $78.94 billion, exceeding the Street estimate of $77.72 billion.</p>
<p>The beat was driven by a surge in consumer visits to its stores seeking affordable groceries and essential items. This helped offset the weak demand for high-priced discretionary products.</p>
<p>The members-only retailer has achieved substantial sales growth by offering highly competitive prices on essential products and maintaining a loyal customer base. These factors have contributed to its market share growth despite challenging economic conditions.</p>
<p>While demand for non-essential items like sports equipment and home goods has been sluggish, strong sales in consumables such as fresh foods and candy have bolstered Costco's performance. </p>

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