Costco Wholesale Corporation (COST) is scheduled to report its first-quarter (ended November 2023) results on December 14, 2023. In this piece, I have discussed why it could be prudent to wait for a better entry point in the stock.
COST’s EPS and revenue for the first quarter are expected to increase 10.2% and 6.1% year-over-year to $3.42 and $57.77 billion, respectively. In the last quarter, the company beat the consensus EPS and revenue estimates by 0.9% and 1.3%, respectively. Its comparable sales rose 1.1% year-over-year. In the U.S., comparable sales rose just 0.2%. Excluding changes in gas prices, comparable sales rose 3.8% overall and 3.1% in the U.S.
