Here's how Costco will make the most of coming inflation pressures:
to $130.6 billion. Third quarter alone saw a 21.7% spike in sales. It handily beat stock analysts’ expectations.Costco CFO Richard Galanti predicted
Costco is sitting pretty to mitigate these inflationary pressures. It has successfully kept its shelves stocked by adjusting orders and in many cases, front-loading them to have sufficient inventory in high-demand items. E-Commerce overall has been on a roll with comparable sales growth of 41.2% in the third quarter and 65.1% year-to-date.Costco still has work to elevate is e-commerce penetration
Though prices may go up a smidge for items like its $4.99 rotisserie chicken and $2.99 bottled water packs, Costco has a lot of flexibility to keep costs down through its strong vendor relationships.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Costco Will Make The Most Of Coming Inflation PressureCostco is well-positioned to profit from inflation virtually guaranteed to run above 2% for what the Federal Reserve says will last 'for some time.'
Read more »
Free Costco Samples Are Back, BabyA sign of hope, in the form of tiny wedges of free pie
Read more »
Costco is bringing back its sample stations this weekCostco is bringing back its sample stations this week.
Read more »
How Costco Will Make The Most Of Coming Inflation PressureCostco is well-positioned to profit from inflation virtually guaranteed to run above 2% for what the Federal Reserve says will last 'for some time.'
Read more »
Biden admin reveals plans for first 25 million donated vaccine dosesAfter weeks of internal deliberations, the Biden administration finally announced which countries will share in the first Covid-19 vaccine doses donated by the U.S. to help end the pandemic
Read more »
Costco is bringing back its sample stations this weekCostco is bringing back its sample stations this week.
Read more »