According to analysts' general expectations, market opener revenue is expected to reach 62.37 billion US dollars, up 7.9% from the same period last year; earnings per share are expected to be 3.79 US dollars, up 8.9% year over year.
The Zhitong Finance App learned that COST.US (COST.US) will announce its results for the first quarter of FY2025 after the US stock market on December 12 (Thursday) EST. According to analysts' general expectations, market opener revenue is expected to reach 62.37 billion US dollars, up 7.9% from the same period last year; earnings per share are expected to be 3.79 US dollars, up 8.9% year over year.
Black Friday's “late arrival” did not affect sales growth
In the first 13 weeks of fiscal year 2025, net market opener sales were $66.52 billion, up 7.2% from $62.04 billion last year. The company said in a statement: “Since this year's Thanksgiving Day/Black Friday/Cyber Monday is one week later than last year, e-commerce sales were negatively affected by about 15 percent in November. The shift in e-commerce sales had a negative impact of approximately 1.5% on total sales and comparable sales.”
Thanksgiving Day and Black Friday were a huge success. American consumers continued to pour into stores in large numbers, and consumer goods companies were in the spotlight this week. According to Adobe data, Black Friday spending reached a record $10.8 billion, up 10.2% year over year. Previously, the total amount spent on Thanksgiving Day was $6.1 billion.
Seven of the eight consumer goods companies that announced their results last week exceeded expectations, easing market concerns about the state of the US economy, which is widely regarded as one of voters' biggest concerns during the election period.