Costco earnings can accelerate 'dramatically,' says Janney Capital Janney Capital says Costco's price investments continue to drive share and build loyalty and have helped its traffic remain robust. The firm expects strong traffic to continue and for gas and forex headwinds to subside, which could lead to Costco's earnings accelerating "dramatically" in 2014. Janney keeps a Buy rating on Costco shares.
Costco sees 1.5%-2% effect on April comps from 1 less shopping day This April to include 27 selling days, compared to 28 days in same period last year. Costco says average transaction flat year-over-year in March, including forex impact. Comments from March sales results call.
Costco reports March total company SSS up 5% Reports March revenue up 8% to $10.43B vs. $9.67B last year. Reports March total company SSS, excluding negative impacts from gasoline price deflation and foreign exchange, up 7%.