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)Nguồn: seekingalpha.com