Costco Q3 Earnings: The Flywheel Is Spinning
Costco's recent earnings report highlights its strong subscription-based business model. The company continues to grow at over 10% with low churn rates, generating significant annual revenue. Analysts have maintained a cautious stance, but some remain optimistic about Costco's future performance.
- ▪Costco's subscription business is growing at over 10% with a churn rate below 10%.
- ▪The company generates approximately $1 billion annually from its subscription model.
- ▪Despite previous holds or sells from analysts, there is a bullish outlook on Costco's future.
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