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Stifel sees huge benefit for Costco from Sam's Club closings

Published 01/12/2018, 01:05 PM
© Reuters.  Stifel sees huge benefit for Costco from Sam's Club closings
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  • Stifel Nicolaus estimates that Costco (NASDAQ:COST) could add $1.8B in sales due to the closing of 69 Sam's Club stores .
  • Analyst Mark Astrachan estimates that 47% of the closed Sam's stores clubs are within 5 miles of a Costco and 87% are within 20 miles.
  • "We further believe it illustrates Costco’s outperformance relative to Sam’s in recent years, which we anticipate will continue," writes Astrachan about the development.
  • Shares of Costco are up 1% today to follow on yesterday's post-announcement pop.
  • Source: Bloomberg, Nasdaq.com
  • Previously: Costco spikes after reports of Sam's Club closings (Jan. 11)
  • Now read: Sign Up Now For Costco And Receive A Membership At Fair Value


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