Costco Will Report November Sales This Week. Expect Good News.

Barron's

Costco Wholesale will report November sales data, and with Covid-19 infections rising around the country, it will likely be yet another banner month for the discounter.

Costco’s (COST) October same-store sales once again easily beat analysts’ estimates as shoppers got a head start on the holiday season, and Telsey Advisory Group’s Joseph Feldman expects that pattern to hold for this month as well: He reiterated an Outperform rating on the shares and raised his price target to $430 from $390 on Monday.

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