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COST Costco Wholesale News Story

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PREVIEW: Costco Wholesale expected to report strong sale growth, shares edge higher

** Shares of Costco Wholesale COST.O rise 0.7% at $880.54 on Wednesday ahead of its quarterly results due after markets close

** COST is expected to report 8% growth in revenue to $67.1 bln driven by strong sales in the U.S., its largest market. Adj EPS is expected to rise ~6% to $4.27

** Over the last 8 quarters, COST's rev has met or beaten estimates 6 times while adj EPS has surpassed expectations 7 times in the same period

** COST has sued the U.S. government to ensure it will receive refunds if the Supreme Court rejects President Donald Trump's bid for sweeping authority to impose tariffs

** Among 38 analysts covering COST, with avg rating of "BUY" and median PT is $1,050, per LSEG data

** COST is down 3.9% YTD versus 2.1% rise in S&P 500 consumer staples index .SPLRCS

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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