CostCo (COST) March Sales +11.3% Y/Y to USD 28.41bln; Comp sales; US 8.7%, Total 11.9%
Costco's March sales growth of 11.3% year-over-year indicates strong consumer demand, particularly with US comp sales at 8.7%.
Newsquawk US Market Wrap: Stocks surge and oil tumbles on US/Iran 'ceasefire'
NEC Director Hassett says oil spike will likely be a one-time thing on CPI, via Fox Business
CostCo (COST) March Sales +11.3% Y/Y to USD 28.41bln; Comp sales; US 8.7%, Total 11.9%
Spokesman of the Economic Commission of the Parliament Memkan, in a conversation with Mehr, said it is necessary to redefine and strengthen Iran's strategic sovereignty over the Strait of Hormuz with the approach of economic diplomacy.
US FX WRAP: Dollar sold to benefit of global peers as Kiwi also sees hawkish RBNZ tailwinds
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Comp sales (ex gas and FX)
- US 6.2%
- Total 6.2%.
This suggests robust performance in the retail sector, potentially reinforcing positive sentiment in consumer staples and impacting broader market indices, especially if the trend continues in the upcoming quarters.
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