Costco's strong earnings report, with revenue of $58.52B exceeding expectations, led to a rise in shares by 13% since May. Despite this, investors showed little enthusiasm, causing a dip in share prices. The company's proactive customer satisfaction approach, including a 100% guarantee on products, has contributed to its success. Analysts noted strong demand for gold bars and silver coins at Costco. The retailer is now focusing on lowering prices to boost customer spending on both essential and discretionary items.
The cult of Costco: How one of America’s biggest retailers methodically turns casual shoppers into fanatics. https://t.co/4jgz1Kq0ic
🇺🇸 Here are the next drivers of Costco growth after a great quarter and a stock near records https://t.co/u46EUbE1tU
Big retailers are lowering prices to try get customers to spend more freely on both essential purchases such as food and more discretionary purchases like new clothes, decorative items for the home, and arts and crafts. ✍️ via CNN Business: https://t.co/eIU3dyFf9g https://t.co/Ro1Y9bUKXH
Costco says analysts were on to something when they flagged strong demand for the retailer's gold bars and silver coins this spring. https://t.co/9D5mdpjWCE
Biggest news drop of consensus $COST @costcodogsol https://t.co/aEO6TqlYCK
🇺🇸 Costco shares dip despite earnings beat. There's no cause for investor concern https://t.co/gb2PrN10t5
Costco $COST reported $58.52B in revenue, exceeding expectations, as purchases of low-priced discretionary items and groceries increased Ideally $753 to enter https://t.co/ZdoNvXPKwo
Costco and BJ’s, Usually Go-Tos for Everyday Goods, Now Gobbling Up Discretionary Market Share https://t.co/7P45wqPuBw
#DeepDiveVideo Costco $COST the warehouse retailer with 71M members and 800+ stores The company's proactive approach to customer satisfaction includes a 100% satisfaction guarantee on both national and Kirkland Signature brands. https://t.co/DMOo1XAVKC https://t.co/dx6TMsFiwP
Costco had a good run, capped it off with a strong earnings report late Thursday, and investors… sort of yawned. Its shares are down after steadily rising 13% since early May. https://t.co/usMrt6I36E