The wholesale retailer is reportedly planning to hike wages after Teamsters union members earlier this month voted to authorize a strike.
Costco announced that all employees at its non-union stores will get a pay raise, just a day before employees at its 50 unionized locations are set to go on strike, according to Bloomberg.
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Costco Wholesale (COST 1.55%) has routinely been a top retail stock to own. It's coming off a stellar performance in 2024, when its shares rallied nearly 39%.
Costco's efficient business model and high customer loyalty drive consistent shareholder value, but its current valuation is too high for a buy rating. Despite robust growth and resilience to economic conditions, Costco's forward price-to-earnings ratio implies a low earnings yield for a couple of years, making it less attractive for new investments. Potential growth paths include international expansion and e-commerce, but challenges in adapting the business model to new regions exist.
Retailer Costco Wholesale will increase pay for most of its hourly U.S. store workers to more than $30, according to a memo sent to employees this week.
Costco (COST) possesses solid growth attributes, which could help it handily outperform the market.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Costco's (COST 0.56%) business is arguably the best in retail, but shares are trading for historically high levels. Is the stock too expensive to buy?
Explore the exciting world of Costco (COST -0.68%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
Costco (COST) closed the most recent trading day at $958.67, moving -0.68% from the previous trading session.
Nineteen Republican attorneys general have called on Costco Wholesale to abandon its diversity, equity, and inclusion policies, citing concerns about discrimination and legal risks.