Costco Sells Off Despite Strong Quarter

Yahoo Finance

Big box retailer Costco Wholesale Corp. (COST) posted a Q4 2020 profit of $3.13 per-share after Thursday’s closing bell, beating estimates by a wide margin, while revenue rose 10.1% year-over-year to $52.28 billion, matching guidance provided on Sept. 2..

Telsey Advisory Group analyst Joseph Feldman raised their price target on Friday, noting that “Costco should have a solid FY21, driven by a MSD comp, high membership renewal, healthy e-commerce growth, and the lapping of COVID-19 related expenses.

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