The integration of technology and the grocery sector is steering large retailers toward a consumer-centric future. Larger players have a sharper competitive edge in realizing how some emerging tech can boost their business operations, and Telsey Advisory Group on Monday said Costco Wholesale Corporation (NASDAQ:COST) is quickly catching up just in time for company earnings.
Expected Earnings By The Numbers: Wall Street expects Costco to issue earnings of $4.79 on revenues of $77.86 billion when it issues its fourth-quarter (Q4) report on Tuesday after market close.
The COST Analyst: Joseph Feldman reiterated an Outperform rating on the stock with a $575 price target.
The COST Takeaways: Feldman is bullish about the transformative potential tech holds for the grocery sector. There have been advancements in in-store technologies, unified commerce, and supply chain automation, he said. Innovations ...