Costco Powers Past Wall Street Expectations, Boasts Double-Digit E-Commerce Gains
Costco Powers Past Wall Street Expectations, Boasts Double-Digit E-Commerce Gains
E-commerce surged 35.7% year-over-year, partly thanks to Black Friday sales booked in December due to a holiday calendar shift.Costco Wholesale Corp (NASDAQ:COST) reaffirmed its retail dominance, reporting an impressive 9.8% growth in December U.S. core sales.
好市多批發公司（納斯達克：COST）重申了其零售主導地位，報告顯示12月美國核心銷售額增長了驚人的9.8%。
This result exceeded Wall Street's 5.2% estimate and topped JPMorgan's optimistic 6.7% forecast.
這一結果超出了華爾街5.2%的預期，超過了摩根大通樂觀的6.7%預測。
JPMorgan analyst Christopher Horvers credited Costco's results to "market share gains, a shorter season, and a bit better consumer" working in tandem.
摩根大通分析師克里斯托弗·霍弗斯將好市多的業績歸功於「市場份額的增加、假期季節縮短，以及消費者情況有所改善」等因素的共同作用。
E-commerce surged 35.7% year-over-year, partly thanks to Black Friday sales booked in December due to a holiday calendar shift.
電子商務同比激增35.7%，部分得益於由於假期日歷的變化而在12月簽下的黑色星期五銷售。
Meanwhile, international operations weren't far behind, with core comps climbing 10.3% in Canada and 9.8% across other regions. "No other major retailer has succeeded in every country it entered," Horvers noted, underscoring Costco's unmatched global consistency.
與此同時，國際業務也不甘落後，加拿大的核心同店銷售增長了10.3%，其他地區增長了9.8%。霍弗斯指出：「沒有其他大型零售商在進入每個國家時都取得成功，」這突顯了好市多無與倫比的全球一致性。
Read Also: Here's How Much $1000 Invested In Costco Wholesale 10 Years Ago Would Be Worth Today
另請閱讀：這是十年前投資1000美元於好市多批發，今天會值多少錢
High-Income Costco Customers
高收入好市多客戶
While the shorter holiday season helped December's numbers, JPMorgan's Horvers pointed to a broader trend: improving consumer spending among higher-income shoppers.
雖然更短的假期季節幫助了12月的業績，摩根大通的霍弗斯指出了一種更廣泛的趨勢：高收入消費者的消費支出正在改善。
"We believe this indicates improvement in the consumer spending backdrop, particularly the upper-middle class and higher-income consumer," he said, highlighting Costco's ability to attract these coveted segments.
"我們認爲這表明消費者支出背景的改善，尤其是中高收入和高收入消費者，"他指出了好市多吸引這些受歡迎消費群體的能力。
Costco's diverse product offerings also played a major role. Fresh foods like meat and produce were up high single digits, while non-food categories—led by jewelry, toys, and gift cards—jumped to the high teens.
好市多多樣的產品供應也發揮了重要作用。像家畜肉類和農產品的新鮮食品增長了高個位數，而非食品類—以珠寶、玩具和禮品卡爲主—則躍升至高十位數。
Ancillary services like pharmacy and optical rebounded, benefiting from a holiday lift, and even electronics like TVs saw sequential improvement.
像藥房和眼科這樣的附加服務反彈，受益於假期的推動，甚至電視等電子產品也出現了連續改善。
2025 & Beyond: $1,065 In Sight
2025年及以後：目標在$1,065
Looking ahead, Horvers remains optimistic, maintaining an Overweight rating on the stock, though he adjusted the price target slightly to $1,065.
展望未來，霍弗斯仍然樂觀，對該股維持超配評級，儘管他稍微調整了目標價格至$1,065。
Costco's unique ability to grow "across its box and geographies," coupled with its emerging advertising revenue stream, makes it a standout in retail. "The COST fundamental story challenges all of the best companies," Horvers emphasized.
好市多獨特的能力使其"在其盒子和地域上成長，"結合其新興的廣告營業收入流，使其在零售中脫穎而出。"COSt基本故事挑戰着所有的優秀公司，"霍弗斯強調道。
For investors, Costco's momentum appears unstoppable. In a world where growth is hard to come by, Horvers said it best: "Aside from AMZN, no scaled retailer is growing at this pace."
對於投資者而言，好市多的勢頭似乎勢不可擋。在一個難以獲得增長的世界裏，霍弗斯說得很好："除了亞馬遜，沒有其他規模零售商以這種速度增長。"
The retail king is poised to stay on its throne, and for shareholders, the journey to $1,065 looks well within reach.
這位零售之王準備繼續坐穩王 throne，對於股東而言，達到$1,065的旅程看起來觸手可及。
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Image: Shutterstock
圖片：Shutterstock
譯文內容由第三人軟體翻譯。
