Big box retailer Costco (COST) is scheduled to release quarterly results after the market close Thursday.
Retail has been struggling this earnings season, but it’s been a better picture for the big box retailers. Costco will be closely watched by investors to see if the retailer was able to hold its own against industry disruptor Amazon (AMZN).
As investors await Costco’s report Thursday, Thinknum, an alternative data platform took a look at data points for clues as to what to expect. “Alternative data that we track, including store-location growth, hiring trends, and foot traffic patterns via social media, paint an optimistic picture for Costco.” The company is still expanding, hiring is up, and foot traffic is also trending higher, which could mean things are looking pretty good for the retailer.
Nevertheless, Wall Street still thinks Costco has some serious catching up to do when it comes to its online presence in the retail space. According to a survey conducted by Citi, only about 18% of Costco’s customers are shopping online, and only 7% of those customers are purchasing groceries online.
Costco is expected to report adjusted earnings of $1.82 per share on $34.77 billion in revenue, according to data compiled by Bloomberg.
Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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