开市客(COST.US)绩后大行齐点赞！结构性优势难撼动有望持续抢占市场份额

智通财经03-06

智通财经APP获悉，连锁会员制仓储超市开市客(COST.US)公布的第二财季业绩超出市场预期。该公司在增加和保留会员方面未遇到任何困难，且预计今年将受益于退税及潜在的关税退款。在开市客公布这份最新业绩后，多位大行分析师对该股给出了积极评级。财报显示，在截至2月15日的2026财年第二财季，开市客当季营收同比增长9.2%至696亿美元，较市场预期高出2.8亿美元;其中，会员费收入达13.6亿美元，...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2617389806?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-03-06 21:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2617389806","market":"fut","top_or_hot":-1,"title":"开市客(COST.US)绩后大行齐点赞！结构性优势难撼动 有望持续抢占市场份额","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，连锁会员制仓储超市开市客(COST.US)公布的第二财季业绩超出市场预期。该公司在增加和保留会员方面未遇到任何困难，且预计今年将受益于退税及潜在的关税退款。在开市客公布这份最新业绩后，多位大行分析师对该股给出了积极评级。财报显示，在截至2月15日的2026财年第二财季，开市客当季营收同比增长9.2%至696亿美元，较市场预期高出2.8亿美元;其中，会员费收入达13.6亿美元，...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1411207.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>开市客(COST.US)绩后大行齐点赞！结构性优势难撼动 有望持续抢占市场份额</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n开市客(COST.US)绩后大行齐点赞！结构性优势难撼动 有望持续抢占市场份额\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-06 21:24 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1411207.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，连锁会员制仓储超市开市客(COST.US)公布的第二财季业绩超出市场预期。该公司在增加和保留会员方面未遇到任何困难，且预计今年将受益于退税及潜在的关税退款。在开市客公布这份最新业绩后，多位大行分析师对该股给出了积极评级。财报显示，在截至2月15日的2026财年第二财季，开市客当季营收同比增长9.2%至696亿美元，较市场预期高出2.8亿美元;其中，会员费收入达13.6亿美元，...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1411207.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2168564065.EUR","symbol_name":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1411207.html","article_id":"2617389806","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2617389806","pubTimestamp":1772803479,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，连锁会员制仓储超市开市客公布的第二财季业绩超出市场预期。在开市客公布这份最新业绩后，多位大行分析师对该股给出了积极评级。财报显示，在截至2月15日的2026财年第二财季，开市客当季营收同比增长9.2%至696亿美元，较市场预期高出2.8亿美元;其中，会员费收入达13.6亿美元，超出市场预期。美银重申对开市客的“买入”评级。杰富瑞同样维持对开市客的“买入”评级。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","BK4585":"ETF&股票定投概念","BK4155":"大卖场与超市","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","BK4581":"高盛持仓","LU2360106947.USD":"BGF NUTRITION \"A4\" (USD) INC","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","COSW":"Roundhill COST WeeklyPay ETF","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU0385154629.USD":"贝莱德营养科学基金A2","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","COST":"好市多","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU0471298777.SGD":"Blackrock Nutrition A2 SGD-H","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK4596":"哈里斯概念","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4588":"碎股","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","BK4504":"桥水持仓","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","BK4550":"红杉资本持仓","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU0079474960.USD":"联博美国增长基金A","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0471298694.HKD":"BGF NUTRITION \"A2\" (HKD) ACC","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","COTG":"2倍做多COST ETF-Leverage Shares","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc"},"translate_title":"After the results of the market opener (COST.US), the big bank praised it! Structural advantages are difficult to shake and are expected to continue to seize market share","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COTG":0.6,"COST":1.98,"COSW":0.6},"content_text":"智通财经APP获悉，连锁会员制仓储超市开市客(COST.US)公布的第二财季业绩超出市场预期。该公司在增加和保留会员方面未遇到任何困难，且预计今年将受益于退税及潜在的关税退款。在开市客公布这份最新业绩后，多位大行分析师对该股给出了积极评级。财报显示，在截至2月15日的2026财年第二财季，开市客当季营收同比增长9.2%至696亿美元，较市场预期高出2.8亿美元;其中，会员费收入达13.6亿美元，超出市场预期。整体同店销售额增长7.4%——客单价增长4.2%、客流量增长3.1%——高于市场预期的6.7%;美国同店销售额增长5.9%，高于市场预期的5.7%。盈利方面，经营利润为26.1亿美元，同比增长12.5%;调整后每股收益为4.58美元，比平均预期高出3美分。开市客表示，凭借大包装规格和独特的商品选择，该零售商吸引了注重性价比的消费者——尤其是可支配收入更高的群体，从而赢得了市场份额。该零售商还扩展了电子商务和配送服务，并为高级会员增设了专属购物时段。美银重申对开市客的“买入”评级。分析师克里斯托弗·纳尔多内(Christopher Nardone)表示，这家零售商持续将利润再投入到商品价格上的经营理念，增强了该行对其在各类商品类别中继续扩大市场份额的信心。分析师还指出，高级会员(Executive Membership)数量增长以及续费率趋于稳定都是积极因素。分析师还表示，开市客在一定程度上能够抵御油价上涨的影响。他指出：“虽然汽油价格飙升在短期内可能压缩汽油业务利润，但如果油价持续处于较高水平，可能会带动更多顾客前往门店，因为开市客具有价格优势(尤其是，大约一半会员会同时光顾加油站和卖场)。”杰富瑞同样维持对开市客的“买入”评级。分析师科雷特·塔洛(Coret Tarlowe)强调：“尽管产品组合和索赔准备金带来的销售与管理费用压力存在，核心利润率仍有所改善。展望未来，门店扩张、资本支出投资和定价纪律是持续获得市场份额的基础。”摩根士丹利也维持对开市客的“增持”评级，目标价为1130美元。分析师西梅昂·古特曼指(Simeon Gutman)指出，该公司在会员增长、会员费收入以及核心盈利能力方面执行力强劲，并且可比销售额在进入春季后再次加速增长。他表示：“这些业绩再次凸显了公司的结构性优势，包括供应链效率、价值定价以及规模优势。我们认为这些优势将继续支持其扩大市场份额，并推动长期盈利增长。”此外，iREIT+Hoya Capital投资团队的分析师表示：“开市客再次交出了一份强劲的财报，收入和利润均实现稳健增长，这主要得益于加拿大及国际市场的强劲表现……展望未来，预计开市客将继续实现稳健增长，推动力来自门店扩张，尤其是国际市场。公司目前仅拥有924家仓储式门店，这意味着仍有很长的增长跑道……不过，虽然该股理应享有估值溢价，但48倍的预期市盈率可能导致未来表现不及预期。随着宏观不确定性上升，这只股票可能因其防御属性而上涨。我不会对未来中短期内宣布股票拆分感到惊讶。”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2617389806","isCrawlerRequest":true}

开市客(COST.US)绩后大行齐点赞！结构性优势难撼动 有望持续抢占市场份额

精彩评论

开市客(COST.US)绩后大行齐点赞！结构性优势难撼动有望持续抢占市场份额