Costco Rallies on Strong December Sales and Tariff Relief Hopes
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Costco Wholesale Corp. shares rose 4.7% following a strong December sales report, reaching a six-week high. Jefferies increased revenue and profit projections for the second quarter, citing robust membership trends. Oppenheimer noted a rise in comparable sales growth from 11.6% in November to 14.6% in December. Analysts believe Costco's value proposition and affluent customer base will drive continued outperformance, with a potential special dividend or stock split on the horizon. Additionally, a favorable U.S. Supreme Court ruling on tariffs could further enhance performance for U.S. retailers.
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