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Stock impact report

Costco Earnings Top Estimates as Membership Fees Reach $1.36 Billion [Yahoo! Finance]

Maplebear Inc. (CART) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4715924
Company Research Source: Yahoo! Finance
This article first appeared on GuruFocus Costco ( NASDAQ:COST reported quarterly earnings that came in slightly ahead of expectations, suggesting the warehouse retailer could be continuing to benefit from steady consumer demand and the resilience of its membership model. For the fiscal quarter ended Feb. 15, the company posted earnings of $4.58 per share excluding certain items, three cents above the average estimate compiled by Bloomberg. Membership fees totaled $1.36 billion during the period, also topping expectations, reinforcing the role that recurring membership revenue plays in Costco's business. Warning! GuruFocus has detected 6 Warning Sign with GAP. Is COST fairly valued? Test your thesis with our free DCF calculator. The retailer appears to be continuing to gain market share as shoppers gravitate toward bulk-sized products and a rotating assortment that includes the Kirkland private label brand. Categories such as gold, jewelry, toys and small electronics were amon Show less Read more
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