Costco Wholesale Corporation (COST) shares closed higher by 1.24% on Friday after the retailer reported impressive sales growth but shrinking margins in a challenging macroeconomic climate.
Telsey Advisory Group analyst Joseph Feldman said Costco is executing well in a difficult environment for retailers. “In FY23, Costco should continue to generate double-digit EPS growth, driven by an MSD comp, HSD membership fee income growth, healthy digital growth, and effective management of costs,” Feldman wrote.
To view the full article, please click on the following link:
Visit Content