Charlie Munger's Top Pick Costco Reports Strong December Sales: Analysts Expect A 7% Jump In January

Benzinga · Jan 9 18:38

Costco Wholesale Corp(NASDAQ:COST), a top pick by the late veteran investorCharlie Mungerreported strong sales figures for December and is expected to post a 7% year-on-year jump in January 2025 core sales, according to the analysts atTelsey Advisory Group.

What Happened:Costco reported a 9.9% jump to $27.52 billion in net sales for the five weeks ended Jan. 5, as compared to $25.03 billion last year. This excluded the impact of changes in gasoline prices and foreign exchange.

However, this Munger favorite admired for its business model and unique approach to retailing is expected to report better sales in the...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

Charlie Munger's Top Pick Costco Reports Strong December Sales: Analysts Expect A 7% Jump In January

Risk Disclaimer