Costco's value proposition drove results in its third fiscal quarter.
On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of of $3.70.
In the quarter, the wholesale retailer saw foot traffic go up year over year, beating the likes of Sam's Club performed, along with traditional strength from fresh food, led by meat and produce.A family moves through the checkout lane with its groceries at a Costco Wholesale store on Nov. 13, 2023, in Colchester, Vermont. U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says
Membership-only discount retailer Costco will be announcing earnings results tomorrow after market close. Here's what you need to know.Shares of TD stock plunged on the news of a money laundering probe. But could this mean it's a deal for its dividend? The post Is TD Stock the Best Dividend Stock for You? appeared first on The Motley Fool Canada.
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