1437 ET - Costco's March sales are indicative of the company's strong momentum, which is charging ahead despite concerns around consumer confidence and distractions from tariffs, UBS analysts say in a research note. The wholesale retailer is continuing to win customers and gain market share, they add, especially in discretionary categories. "Importantly, we believe that Costco did not see evidence of consumers' pre-buying goods ahead of tariffs," the analysts write. "For instance, while the company saw a good result in the television category, this was probably more a reflection of share gains than a run on this product category." (connor.hart@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 14:37 ET (18:37 GMT)
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