BUZZ-Street View: Costco poised to grow despite tariff impact

Reuters
07 Mar
BUZZ-Street View: Costco poised to grow despite tariff impact

** Retailer Costco Wholesale COST.O might adjust its international supply chain if tariffs from U.S. President Donald Trump cause significant price increases, Chief Executive Officer Ron Vachris stated on Thursday

** Co missed Wall Street's quarterly profit estimates due to rising merchandise costs

SHIELDED FROM TARIFFS

** J.P. Morgan ("overweight," PT: $1,070) sees co as a standout performer with impressive sales growth, global success, and significant expansion potential

** Bernstein ("outperform," PT: $1,177) sees co as a high-quality company with strong consumer traction and long growth runway

** Brokerage expects co's low exposure to recently tariffed countries and strong private label presence to help mitigate tariff impacts

** Jefferies ("buy," PT: $1,180) sees strong comparable sales growth and low exposure to tariffed countries as key positives

** Telsey Advisory Group ("outperform," PT: $1100) expects co to remain profitable due to strong sales and high membership renewals

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))

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