Costco Members Still Looking for Deals

Members of bulk retailer Costco (NASDAQ:COST) bought 5.5% more extra-large items last quarter, enriching the company by $17.3 billion. Although this number was slightly below Wall Street estimates, the EPS of 60 cents met views.

AP reports that “Chief Financial Officer Richard Galanti said shoppers are slowly starting to buy more nonfood items, such as clothing and housewares, but continue to spend modestly as the holidays approach.” Sounds like people actually have a budget this holiday season.

COST 120909

Disclosure: No positions in the stocks mentioned.

Readers who liked this also enjoyed these posts:

The Edge: The Tiger Woods Effect on Equities

Gold is Only 0.7% of Global Managed Assets