<p><strong>好市多公司</strong> (NASDAQ: COST) 的股票在周四上涨，因其公布了强劲的月度销售数据。</p>
<p>这家零售商在美国和国际市场上持续显示出稳定的需求。</p>
<p><strong>摩根大通</strong> 分析师 <strong>Christopher Horvers</strong> 重申了对好市多的增持评级，目标价格为 1000 美元。</p>
<p>Horvers 表示，好市多在各个品类中持续获得市场份额，同时客流趋势不断改善。</p>
<p>他表示，随着比较基数变得更容易和刺激支出的支持，可比销售额应加速增长。</p>
<p>分析师指出，好市多主要经营日用品，消费品约占其总产品组合的 70%。他表示，公司受益于长期的全球门店扩张和高会员续费率支持的经常性收入模式。</p>
<p>Horvers 补充说，会员费大约占运营利润的一半，使好市多拥有强大的定价能力和利润灵活性。他表示，电子商务盈利能力的提升和广告收入的增长也支持潜在的利润扩张。</p>
<p>分析师指出，美国核心可比销售在 12 月份增长了 6.3%，远高于市场共识和内部预期。</p>
<p>Horvers 表示，美国客流增长了 2.4%，而总企业客流同比增长了 2.7%。他补充说，平均消费额在排除油价下跌和外汇影响后增长了 3.4%。</p>
<p>Horvers 表示，加拿大的核心可比销售增长了 6.0%，符合预期，而国际地区略微超出预测。</p>
<p>他表示，排除油价和货币影响后的可比销售达到了 6.9%，反映出强劲的基本需求。</p>
<p>在此期间，中西部、北部和东南部地区在美国表现突出。他表示，澳大利亚、日本和韩国推动了国际市场的强劲表现。</p>
<p>根据分析师的说法，天气在 12 月份对东北部的需求造成了一定影响，尽管与 BJ's 的比较不那么负面。</p>
<p>他补充说，门店之间的竞争压力从前几个月的 60 个基点缓解至 50 个基点。</p>
<p>Horvers 指出，12 月份的销售势头进一步强化了他对好市多持续超越零售同行的看法。</p>
<p>强劲的 11 月和 12 月业绩表明，好市多再次 “赢得了假期”，支持了未来几个月同比比较减轻的持续上涨预期。</p>
<p>他说，比较基数的减轻应支持进一步的销售增长，随着季节性压力的减弱。</p>
<p>Horvers 补充说，预计春季的税收刺激将进一步提升好市多已经强劲的需求状况。</p>
<p>他说，执行会员的延长购物时间继续推动更高的访问频率和消费。</p>
<p>Horvers 指出，执行会员的注册人数每周上升至 80,000 人，高于上一季度的 70,000 人。</p>
<p>他说，执行会员的增加使本季度会员费收入增长了约 5%。</p>
<p><strong>COST 价格动态：</strong> 好市多的股票在周四发布时上涨了 5.05%，报 927.11 美元， 根据 Benzinga Pro 数据。</p>
<p><em>图片来源于 Tada Images via Shutterstock</em></p>

开市客

<p>好市多的股票上涨了 5.05%，达到 927.11 美元，因强劲的月度销售数据表明美国和国际市场的需求稳定。摩根大通分析师 Christopher Horvers 维持了 “增持” 评级，目标价为 1000 美元，指出好市多的市场份额增长和改善的客流趋势。他提到美国核心可比销售在 12 月上涨了 6.3%，并强调了公司强大的会员模式，这为其带来了可观的运营利润。Horvers 预计，随着比较基数的降低和潜在的春季税收刺激，销售将继续增长</p>

<p><strong>Costco Wholesale Corporation</strong> (NASDAQ: COST) stock rose Thursday following strong monthly sales data.</p>
<div class="lb-trans"><p><strong>好市多公司</strong> (NASDAQ: COST) 的股票在周四上涨，因其公布了强劲的月度销售数据。</p>
</div><p>The retailer continues to show steady demand across both U.S. and international markets.</p>
<div class="lb-trans"><p>这家零售商在美国和国际市场上持续显示出稳定的需求。</p>
</div><p><strong>JP Morgan</strong> analyst <strong>Christopher Horvers</strong> reiterated the Overweight rating on Costco, with a price forecast of $1000.</p>
<div class="lb-trans"><p><strong>摩根大通</strong> 分析师 <strong>Christopher Horvers</strong> 重申了对好市多的增持评级，目标价格为 1000 美元。</p>
</div><p>Horvers said Costco Wholesalecontinues to gain market share across categories while traffic trends keep improving.</p>
<div class="lb-trans"><p>Horvers 表示，好市多在各个品类中持续获得市场份额，同时客流趋势不断改善。</p>
</div><p>He said comparable sales should accelerate as easier comparisons and stimulus spending support valuation expansion.</p>
<div class="lb-trans"><p>他表示，随着比较基数变得更容易和刺激支出的支持，可比销售额应加速增长。</p>
</div><p>The analyst noted Costco operates mostly in staples, with consumables representing about 70% of its total product mix. He said the company benefits from long-term global store expansion and a recurring revenue model supported by high membership renewal rates.</p>
<div class="lb-trans"><p>分析师指出，好市多主要经营日用品，消费品约占其总产品组合的 70%。他表示，公司受益于长期的全球门店扩张和高会员续费率支持的经常性收入模式。</p>
</div><p>Horvers added membership fees generate roughly half of operating profit, giving Costco strong pricing power and margin flexibility. He said rising e-commerce profitability and growing advertising revenue also support potential margin expansion.</p>
<div class="lb-trans"><p>Horvers 补充说，会员费大约占运营利润的一半，使好市多拥有强大的定价能力和利润灵活性。他表示，电子商务盈利能力的提升和广告收入的增长也支持潜在的利润扩张。</p>
</div><p>The analyst pointed to U.S. core comparable sales rising 6.3% in December, well above consensus and internal expectations.</p>
<div class="lb-trans"><p>分析师指出，美国核心可比销售在 12 月份增长了 6.3%，远高于市场共识和内部预期。</p>
</div><p>Horvers said U.S. traffic grew 2.4% while total enterprise traffic increased 2.7% year over year. He added average ticket rose 3.4% excluding gas price deflation and foreign exchange impacts.</p>
<div class="lb-trans"><p>Horvers 表示，美国客流增长了 2.4%，而总企业客流同比增长了 2.7%。他补充说，平均消费额在排除油价下跌和外汇影响后增长了 3.4%。</p>
</div><p>Horvers said Canada posted a 6.0% core comp, matching expectations, while international regions slightly exceeded forecasts.</p>
<div class="lb-trans"><p>Horvers 表示，加拿大的核心可比销售增长了 6.0%，符合预期，而国际地区略微超出预测。</p>
</div><p>He said comps excluding gas and currency effects reached 6.9%, reflecting strong underlying demand.</p>
<div class="lb-trans"><p>他表示，排除油价和货币影响后的可比销售达到了 6.9%，反映出强劲的基本需求。</p>
</div><p>Midwest, Northwest, and Southeast regions led U.S. performance during the period. He said Australia, Japan, and Korea drove international strength.</p>
<div class="lb-trans"><p>在此期间，中西部、北部和东南部地区在美国表现突出。他表示，澳大利亚、日本和韩国推动了国际市场的强劲表现。</p>
</div><p>According to the analyst, weather hurt some Northeast demand in December, though comparisons versus BJ's were less negative.</p>
<div class="lb-trans"><p>根据分析师的说法，天气在 12 月份对东北部的需求造成了一定影响，尽管与 BJ's 的比较不那么负面。</p>
</div><p>He added store cannibalization pressures eased to 50 basis points from 60 in previous months.</p>
<div class="lb-trans"><p>他补充说，门店之间的竞争压力从前几个月的 60 个基点缓解至 50 个基点。</p>
</div><p>Horvers noted December sales momentum reinforced his view that Costco continues to outperform retail peers.</p>
<div class="lb-trans"><p>Horvers 指出，12 月份的销售势头进一步强化了他对好市多持续超越零售同行的看法。</p>
</div><p>Strong November and December results suggest Costco once again &#34;won the holidays,&#34; supporting expectations for continued upside as year-over-year comparisons ease in the months ahead.</p>
<div class="lb-trans"><p>强劲的 11 月和 12 月业绩表明，好市多再次 “赢得了假期”，支持了未来几个月同比比较减轻的持续上涨预期。</p>
</div><p>He said easing comparisons should support further sales growth as seasonal pressures fade.</p>
<div class="lb-trans"><p>他说，比较基数的减轻应支持进一步的销售增长，随着季节性压力的减弱。</p>
</div><p>Horvers added expected spring tax stimulus should further boost Costco's already strong demand profile.</p>
<div class="lb-trans"><p>Horvers 补充说，预计春季的税收刺激将进一步提升好市多已经强劲的需求状况。</p>
</div><p>He said extended shopping hours for Executive members continue to drive higher visit frequency and spending.</p>
<div class="lb-trans"><p>他说，执行会员的延长购物时间继续推动更高的访问频率和消费。</p>
</div><p>Horvers noted Executive sign-ups rose to 80,000 per week, up from 70,000 during the prior quarter.</p>
<div class="lb-trans"><p>Horvers 指出，执行会员的注册人数每周上升至 80,000 人，高于上一季度的 70,000 人。</p>
</div><p>He said higher Executive membership contributed to roughly 5% growth in membership fee income this quarter.</p>
<div class="lb-trans"><p>他说，执行会员的增加使本季度会员费收入增长了约 5%。</p>
</div><p><strong>COST Price Action:</strong> Costco Wholesale shares were up 5.05% at $927.11 at the time of publication on Thursday, according to Benzinga Pro data.</p>
<div class="lb-trans"><p><strong>COST 价格动态：</strong> 好市多的股票在周四发布时上涨了 5.05%，报 927.11 美元， 根据 Benzinga Pro 数据。</p>
</div><p><em>Image by Tada Images via Shutterstock</em></p>
<div class="lb-trans"><p><em>图片来源于 Tada Images via Shutterstock</em></p>
</div>

分析师称，开市客的假日大促销预示着其股票将迎来强劲复苏