Most Important Costco Number to Watch Probably Isn't What You Think

TheStreet2022-09-12

Chris Versace, co-portfolio manager of the Action Alerts PLUS investing club, explains why investors should look beyond Costco's (COST) comparable store sales. Full Video Transcript Below: SARA ...

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xy8888
2022-09-13
xy8888
Something to take note of

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Most people tend to really focus in on it, and understandably so, the comp sale numbers that they put out every month.But I actually go a little further in the press release, and I look for the number of open warehouses. And I compare that with prior months, as well as year over year. And the reason I want to do that is the number of additional warehouses tells you the trajectory for the number of memberships that they're selling.The number of memberships tells you all about the important membership fee income that they get, which is about, depending on the quarter, 65%, 75% of their bottom line. So to me that's the most important thing, and the company's committed to continuing to expand its footprint. So another reason, aside from all the others that we have, to remain bullish on Costco.SILVERSTEIN: And that's a really interesting data point. Bob, what is the Costco chart tell you?BOB LANG: Well, every time this stock pulls back there, it's been a great opportunity to add more shares. And more recently it topped out at about 563, an interim top here. And now it's pulled back down to where the 50 and the 200 day moving average, made it about 520 or so.We had been trading in a range on the low end at about 400 in the middle part of May. We had hit a high in early April at about 610, so about 510 is about a meeting area where we think that the stock could be added. So maybe about another $5 or $10 lower we could look for-- a subscriber should be looking to add some more shares of Costco right there.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9935818349,"gmtCreate":1663064514781,"gmtModify":1676537194742,"author":{"id":"3581829028595571","authorId":"3581829028595571","authorIdStr":"3581829028595571","name":"xy8888","avatar":"https://static.tigerbbs.com/8f76391025cd7af92eae3c5e1195b9ef","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581829028595571"},"htmlText":"Something to take note of","listText":"Something to take note of","text":"Something to take note of","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935818349","repostId":2267232100,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2267232100"}