Oppenheimer analysts stuck with their "outperform" rating on Costco Wholesale (COST) Thursday after the retailer posted strong December sales numbers, noting that catalysts for its shares "include a potential stock split."
Costco Wholesale (COST) posted holiday sales figures Wednesday that blew past analysts' expectations.
Costco's distinctive membership business model and pricing power set it apart from traditional players. Comparable sales for December increase 7.4%.
Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO) has reported strong sales growth for December attributed to holiday shopping activities. For the five weeks ending January 5, 2025, Costco posted net sales of $27.52 billion, up 9.9% from the same period last year.
Costco Wholesale Corp COST reaffirmed its retail dominance, reporting an impressive 9.8% growth in December U.S. core sales.
Costco stock price has retreated in the past few weeks as investors remain concerned about its valuation and the potential supply chain challenges. COST shares retreated from the December high of $1000 to $920, hovering near its lowest level since November 20th.
Costco Wholesale Corp. on Wednesday reported a 9.9% year-over-year sales gain through the final stretch of the holiday shopping season, marked by a big jump in online sales.
Costco's (COST 0.74%) excellent customer value proposition has earned its customer loyalty.
Some experts say there's really nothing the government can do about high food prices.
The company has net cash relative to debt and is on track to pay a special dividend in early 2026. And keep in mind the company already has a 21-year streak of increasing its dividend in addition to the $4 billion share repurchase program Costco announced in January 2023 which has two years left.
If you crave exciting investments, Costco Wholesale (COST -1.72%) probably isn't for you. Selling groceries in bulk is far from world-changing, and single-digit growth is the norm for this membership-based retailer.
Costco (COST) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.