Costco Outperforms Financial Predictions

Costco outperformed expectations on Wednesday, posting a higher quarterly profit than what was originally predicted by financial analysts. Despite the belief that tougher comparisons would slow down sales during the holiday season, the company’s sales growth continued to build momentum as the quarter progressed, due in part to strong sales and increased revenue fee. Analysts attribute the better-than-expected results from the improvements in the California market, which is responsible for more than a quarter of Costco’s sales….Read More