![]() ![]() Q2:How to ensure that stores are open on Fourth of July? Unlike certain holidays like Thanksgiving and Christmas, which typically result in widespread closures, the Fourth of July doesn't follow suit. On Tuesday, the Fourth of July, consumers will have a wide array of choices available to them, whether they're in need of a grocery store, restaurant, or shopping destination. ![]() Most banks will be closed, but ATMs and some services on bank mobile apps may be available. USPS: Closed, except for Priority Mail Express.įedEx: Modified hours with some locations closed, no pickup or delivery services. Life Time: Open with standard hours, some classes and offerings may be on a modified schedule.īath and Body Works: Hours vary by store location.įorever 21: Hours vary by store location. Planet Fitness: Hours vary by location, members can check specific gym hours. Home Depot: Open, hours may vary by location (stores close by 8 p.m.) ![]() Walgreens: 24-hour locations will maintain normal hours, others may have limited hours or be closed. “A membership-fee increase and a special dividend still represent potential positive catalysts down the road, in our view.Winn-Dixie: In-store pharmacies close at 4 p.m.ĬVS: 24-hour locations will maintain normal hours, others may have limited hours or be closed. “We continue to look favorably upon COST, and last month we re-added shares back to top-pick status,” said the note. sales trends “remain consistent,” analysts led by Rupesh Parikh wrote in a note. Oppenheimer, which had an outperform rating on Cosco’s stock, the equivalent of buy, agreed. See more: Grocery prices are still going up, but Costco membership fees aren’t - for now We remain buyers of COST,” analysts led by Scot Ciccarelli wrote in a note. “Overall, we believe its value proposition should allow the company to continue to drive incremental share gains, and Costco can manage margins better than most. Necessities like food and sundries are still the main driver of the company’s top-line performance, rising by a high-single-digit percentage, while discretionary items are sagging, down by a low-single-digit percentage. Truist analysts took a more upbeat view and said that, while sales were a bit soft, core trends remain steady. See also: Costco to clamp down on sharing of membership cards “Solid traffic growth, in part, may be explained by COST’s model being able to offer discounted prices to value oriented consumers, relative to other grocery businesses,” said the analysts, who had a neutral rating on Costco stock. Davidson had a neutral rating on the stock.Įven adjusted for the lower gas price and forex impacts, the transaction size was negative, “which could be a signal that consumers are tightening up their budgets in the uncertain environment,” the note added. “But, we believe the recent run of somewhat softer comps, rather than the typical beats and raises may cause a pause in the stock,” said the note.ĭ.A. Has been an outperformer in our space year-to-date, up 18.0% versus the market up 14.9%Īnd the XRT up 4.6%,” analysts led by Michael Baker wrote in a note to clients, referring to the SPDR S&P Retail ETF Davidson analysts said the same-store-sales decline was the biggest since April of 2020, as the COVID pandemic was taking hold, and the biggest non-COVID-impacted decline since July 2016. Home furnishings, toys and sporting goods were among the weaker categories.ĭ.A. Food, candy, sundries, tires and health and beauty were the stronger-performing categories, the company said. Foot traffic rose across the board and was up 3.6% in the U.S. The average transaction size fell 5.4%, partly due to the lower gas price. Excluding gas and foreign exchange, same-store sales rose 3% in June and were higher in the U.S., Canada and in international markets. ![]() The average gas price was down 24% in June from a year earlier, when prices were riding high. Total sales edged up to $22.86 billion from $22.78 billion a year ago. ![]()
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