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Why Last Week's Costco Earnings Have Me Excited

The warehouse retail chain reported results that beat estimates on both earnings and revenue, and it has the pricing power to stay relevant to consumers in a tougher environment.Costco (COST 0.92%) reported earnings last week that caused the stock to dip around 3%. Overall, I think the stock is still a buy, with a few main factors going into that stance. Good numbersCostco posted net sales of 84.43billionforthe16weekquarter(up884.43 billion for the 16‑week quarter (up 8% year over year) and total revenue of 86.16 billion (which includes me ...