Costco (COST) vs. BJ's (BJ): Which Big Box Retailers Is the Better Buy Now?

[Investing Insights Daily]( June 8th, 2023 SPONSORED AD [Overheard at Apple's Secret Meeting...]( A thousand people attended... NO CAMERAS were allowed! One invitee said every iPhone was wrapped with "tamper-proof stickers" to prevent photographs. At the event, Apple unveiled a device that "could eventually replace mobile phones." Apple codenamed the device "N421" ... But I call it "iPhone Killer." To see how you could potentially profit from iPhone Killer... [Click here before April 26 >>]( [Costco (COST) vs. BJ's (BJ): Which Big Box Retailers Is the Better Buy Now?]( In this piece, I evaluated two big box retail stocks, Costco Wholesale Corporation ([COST]( – [Get Rating]( and BJ’s Wholesale Club Holdings, Inc. ([BJ]( – [Get Rating]( to determine the better investment. Following a two-month consumer spending slowdown, April’s spending [increased by 0.8%]( a sign of economic resilience amid rising prices. Also, the core Personal Consumption Expenditure (PCE) index rose 0.4% sequentially and [4.7% year-over-year]( in April. Retail sales rebounded in April by [rising 0.4% sequentially]( and 1.6% year-over-year. The retail sales came in lower than the 0.8% consensus estimate. According to the National Retail Federation, retail sales will grow between [4% and 6% in 2023 to reach between $5.13 trillion and $5.23 trillion](. These signs of economic resilience may prompt the Fed to hike rates this month. Another rate hike will push the federal funds rate, which is already at a 16-year high, higher. The high benchmark interest rate and tighter lending standards will likely tip the economy toward a recession, forcing consumers to cut their discretionary spending and pressure big-box retailers. COST’s EPS was $0.37 lower than the consensus estimate during the third quarter. Its revenue also missed the consensus estimate by $1.01 billion. Moreover, same-store sales rose 0.3%, coming much below analyst estimates of 2.9%. Although its membership fees rose 6.1% year-over-year to $1.04 billion, it was… Continue reading at [STOCKNEWS.com]( Copyright © 2023 StockNews.com | All Rights Reserved [Unsubscribe]( Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019