Costco (NASDAQ: COST), a corporation that currently operates 795 international warehouses, was featured in a recent analysis report that discussed consumer demand for the company prior to release of official numbers. The report, written by LikeFolio Founder Andy Swan, reads, “We already know: 20Q4 comparable-store sales +14% in U.S.; eCommerce sales accelerating: July +76% YoY, August +102% YoY; expectations for this quarter: strength in fresh produce, e-commerce, large ticket size (lower traffic), improvement in international markets. LikeFolio’s Purchase Intent Metric recorded significant YoY growth in 20Q4: +32%. COST is up 17% YTD, but is actually trading down ~5% since its August sales update. The current quarter’s pace (+17% YoY) suggests continued consumer retention.”
About Costco Wholesale Corporation
Costco currently operates 795 warehouses, including 552 in the United States and Puerto Rico, 101 in Canada, 39 in Mexico, 29 in the United Kingdom, 27 in Japan, 16 in Korea, 13 in Taiwan, 12 in Australia, three in Spain, one in Iceland, one in France and one in China. Costco also operates e-commerce websites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia. For more information, visit www.Costco.com.
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