Despite Rainy Weather, Costco Sales Up Worldwide

Southern California rains are being attributed to Costco’s slumping consensus figures. Despite the bad weather, the company’s global sales increased by 11% for the five-week period ending January 2nd. The total company comp estimates were in congruence with analysts’ financial forecasts, yet the U.S. gain of 3% was lower than the 3.9% consensus figure…Read More