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Costco Wholesale (NASDAQ: COST) heads into its fiscal fourth-quarter report on September 24 carrying strong topline momentum and a dividend track record that has grown conspicuous by timing alone.
The special payout investors appear to be positioning for almost certainly won't materialize on the call itself. September 24 is more likely to be the tell.
For the 16-week fiscal period that ended late last month, net sales grew 11.3% to $93.9 billion, driven by a 10.7% jump in U.S. What's changed for this particular earnings event is the weight on the bottom-line read.
The top-line numbers are already public; how the chain performed on the bottom line is what September 24 resolves. The case for something bigger turns on Costco's history with one-time payouts.
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