COSTCO WHOLESALE CORPORATION RDI Initiates Coverage on:
Costco Wholesale https://ub.rdinvesting.com/news/?ticker=COST
Yum! Brands https://ub.rdinvesting.com/news/?ticker=YUM
Costco Wholesale advanced 1.81% to close at $170.02 a share on Thursday. The stock traded between $169.31 and $172.11 on a volume of 3.31 million shares traded. The company reported net sales totaled $11.64 billion in March, an increase of 9% year-over-year. Comparable store sales, for the five weeks ended April 2, 2017, increased a better-than-expected 6% year-over-year. Net sales, for the thirty-one weeks ended April 2, 2017, totaled $72.82 billion, an increase of 6% from $68.96 billion a year ago. Shares of Costco have gained approximately 6.19 percent year-to-date.
Access RDI's Costco Wholesale Research Report at: https://ub.rdinvesting.com/news/?ticker=COST
Yum! Brands gained 1.06% to close at $64.55 a share on Thursday. The stock traded between $64.00 and $64.77 on a volume of 4.25 million shares traded. The company received a boost after Yum! China reported higher than expected first quarter earnings. The Chinese spinoff of Yum Brands announced adjusted earnings of $0.44 per share in the first quarter, higher than the consensus estimate of $0.38, calculated by Thomson Reuters. The operator of outlets of KFC, Taco Bell and Pizza Hut in China cited the performance as the result of "Digital and Delivery." The revenue for the quarter fell by 1.5% to a total of $1.28 billion, but was still above estimates of $1.27 billion.
Access RDI's Yum! Brands Research Report at: https://ub.rdinvesting.com/news/?ticker=YUM
Our Actionable Research on Costco Wholesale Corporation (NASDAQ: COST) and Yum! Brands, Inc. (NYSE: YUM) can be downloaded free of charge at Research Driven Investing.
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