As of this writing, there are nine different companies that have made it into the illustrious trillion-dollar club. The vast majority of these operate within the technology sector.
Costco Wholesale's (COST 0.10%) stock rallied nearly 80% over the past three years as the S&P 500 advanced about 30%. The warehouse retailer outperformed the market as it impressed investors with its consistent growth and resistance to economic headwinds.
The end of the year is a perfect time to reflect on your investment journey. Part of that reflection can involve identifying mistakes worth avoiding or portfolio moves to make before the end of the year.
Costco Wholesale (COST 0.10%) is not only a consumer favorite, but a top choice among the investment community as well. Shares of the warehouse club operator have risen 595% in the past decade.
Costco Wholesale ruffled some feathers earlier this year when it warned that subscription rates were going up for the first time since 2017, but the bulk discounter beat earnings estimates for its fiscal first quarter yesterday.
The warehouse clubs' fledgling e-commerce business is driving sales of discretionary items.
Costco Wholesale (COST) posted a fiscal first-quarter earnings beat, with e-commerce sales rising 13% year over year. Jefferies Senior VP of Equity Research Corey Tarlowe joined the Morning Brief to discuss the company's performance.
Costco Wholesale Corporation's strong membership fee income growth and 7.1% adjusted comparable sales growth support a “Buy” rating with a fair value of $1,200 per share. The recent membership fee increase will significantly impact future quarters, with membership fee income expected to grow by 14.5% in FY25. E-commerce growth of 13.2% and enhancements to Costco's digital network further bolster the company's robust performance and future outlook.
JP Morgan analyst Christopher Horvers reiterated the Overweight rating on Costco Wholesale Corporation COST with a price forecast of $1,090.
Note: Costco FY'24 ended on September 1, 2024.
Costco stock is slightly higher Friday after the warehouse club beat expectations for its fiscal first quarter. Here's what Wall Street has to say.
Costco Wholesale Corporation's consistent performance continued in fiscal Q1 '25, with revenues up 7.5% and EPS growing 12.8%, beating estimates. Costco's business model continues to outperform, frustrating bears awaiting a valuation dip. However, next quarter may be weaker due to inferior e-commerce positioning and tougher comps, possibly leading to a correction.