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Tuesday, 03/07/2023 6:01:23 AM

Tuesday, March 07, 2023 6:01:23 AM

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3/6/2023 1355 ET - Costco should see higher FY24 earnings per share if it raises fees at the beginning of the 4Q of FY23, JPMorgan analysts say in a research note. The warehouse retailer could benefit from a 1% to 2% FY24 EPS lift if it raises fees by $5 and $10 for Goldstar and Executive members, respectively, analysts say. " Costco raising its membership fee is a constant focus for investors given it is potential 'pure flowthrough' and considering its overall thin margin structure," analysts note. JPMorgan raises its FY23 and FY24 EPS estimates to $14.48 and $15.39 , respectively, from $ 14.15 and $15.23 previously. Shares are up 2.3% at $486.46 . (sabela.ojea@wsj.com; @sabelaojeaguix)
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