Costco Stock Movement Summary Costco experienced upward momentum driven by several operational developments: Digital Expansion: - Launched mobile app ordering for custom cakes and deli trays, replacing a decades-old paper process, with full implementation expected by end of 2026 - Digitally enabled comparable sales advanced 20.5% in Q1 fiscal 2026, with e-commerce traffic rising 24% - Expanded same-day grocery delivery to Europe through Instacart partnership in France and Spain - Introduced Digital Wallet and pre-scanning technology improving checkout speeds up to 20% Analyst Action: - Bernstein raised Costco's price target to $1,155 from $1,146, maintaining an Outperform rating Warehouse Growth: - Plans to open 28 net new warehouses in fiscal 2026, with new locations generating $192 million in annualized sales per location in their first year Other Developments: - Q1 fiscal 2026 net sales increased 8.2% to $65.98 billion - Global rotisserie chicken sales exceeded
Read full analysisCostco Stock Movement Summary Costco experienced upward momentum driven by several operational developments: Digital Expansion: - Launched mobile app ordering for custom cakes and deli trays, replacing a decades-old paper process, with full implementation expected by end of 2026 - Digitally enabled comparable sales advanced 20.5% in Q1 fiscal 2026, with e-commerce traffic rising 24% - Expanded same-day grocery delivery to Europe through Instacart partnership in France and Spain - Introduced Digital Wallet and pre-scanning technology improving checkout speeds up to 20% Analyst Action: - Bernstein raised Costco's price target to $1,155 from $1,146, maintaining an Outperform rating Warehouse Growth: - Plans to open 28 net new warehouses in fiscal 2026, with new locations generating $192 million in annualized sales per location in their first year Other Developments: - Q1 fiscal 2026 net sales increased 8.2% to $65.98 billion - Global rotisserie chicken sales exceeded
Costco Wholesale operates a chain of membership-only warehouse clubs selling bulk groceries, electronics, and household goods at discount prices, with over 800 locations globally. The company is currently accelerating its digital transformation, with e-commerce sales growing rapidly and new initiatives like mobile ordering and European delivery through Instacart expanding its reach beyond the traditional warehouse model.