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Jim Cramer: Why Costco Earnings Show a Post-Expressionist Model

Video Credit: The Street
Published on October 4, 2019 - Duration: 01:08s

Jim Cramer: Why Costco Earnings Show a Post-Expressionist Model

What do finance and art have in common?

Costco , apparently.

The retail giant posted earnings Thursday evening.

For the quarter that ended Sept.

1, Costco reported earnings of $2.47 a share on a 7% increase in revenue to $47.5 billion.

Comparable-store sales rose 5.1%, missing the Refinitiv forecast of 5.25%, but membership renewal rates in both the U.S. and Canada and in markets around the world continued to trend near record highs.

Jim Cramer compared the company to a "post-expressionist" model.

Watch the video for his full take on the earnings and the call.

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