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- COST should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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1 day ago · COST is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 10.2% year-over-year for the current fiscal year, with sales growth of 7.5%.
Mar 2, 2024 · Current Price. $890.96. Price as of October 28, 2024, 4:00 p.m. ET. It has every chance to continue beating the market. Costco Wholesale (COST -0.03%) has trounced the market over almost any...
- Costco Sales Keep Rising
- Costco Membership Keeps Rising
- The Chain Keeps Growing
- Costco Executive Memberships Keep Increasing
- The Company Can Raise Membership Prices
- Costco Pays A Dividend
- Costco Has Paid Special Dividends
- Costco Digital Sales Are Growing
- Costco Has Huge Pricing Power
- Costco Can Own Its Supply Chain
"Net sales for the quarter came in at $36.24 billion, a 5.6% increase over the $34.31 billion sold during the first quarter of last year," said CFO Richard Galanti during the chain's fiscal 2020 first-quarter earnings call. "Comparable sales for the first quarter of fiscal 2020 in the U.S. on a reported basis was 4.7%; ex-gas deflation, that was 5%...
Costco makes about 75% of its profit from selling memberships. Signing up more people drives the business, and those numbers have steadily increased. "In terms of number of members at Q1 end, member households and total cardholders at Q4 end -- back, I think, on Sept. 1 -- we had 53.9 million member households at Q1 and 12 weeks later ... 54.7 mill...
While many retailers have been closing struggling locations, Costco has been steadily adding new warehouses, including in other countries. The numbers aren't huge -- usually just a few new locations each quarter -- but it's a steady pattern of growth.
Costco sells two classes of membership. The higher-end one, Executive, costs $120 a year and comes with 2% cashback on most purchases up to $1,000 per year. "At Q1 end, paid executive memberships were ... 21.4 million, an increase of 579,000, or 48,000 per week since Q4 end," the CFO said.
The warehouse club has raised its membership price roughly every five years. The most recent increase in 2017was modest -- $5 for basic membership and $10 for Executive members. Consumers shrugged off the higher prices, and the company steadily added members and maintained its renewal rates in the year after the increase.
It's always nice when an otherwise sound investment also pays you to own the stock. Costco has paid a growing quarterly dividend for nearly 20 years now. The company has been committed to returning capital to shareholders, and that should continue.
The chain has paid three special dividendssince 2012. Galanti has dropped some hints that Costco may do so again, which is an added bonus for shareholders.
While Costco has not been a digital pioneer, it has added online options and expanded delivery. Galanti gave some color on that part of the company in his remarks. "Total online grocery continues to grow at a faster rate than the core e-commerce comps, although again it's a still relatively small piece of the business," he said. "We also, during th...
Costco stocks a limited assortment of items and has a huge customer base. That gives it the power to squeeze vendors on the orders it makes in order to keep prices low.
The warehouse club has traditionally sold its rotisserie chickens for $4.99. That's a very low price that has driven sales and traffic to its stores. To be able to hit that price point, the company actually cut out intermediaries by opening its own poultry farm.
Jun 24, 2024 · Costco Wholesale Corporation COST, an “all-weather” stock, has withstood multiple market gyrations and delivered returns to investors. A resilient business model enables it to gain market ...
Jul 4, 2024 · Should you buy Costco's stock today? Costco has definitely shown that its business is better and more adaptable to changing conditions than other retailers.
- David Jagielski
Aug 20, 2023 · Key Takeaways. Costco makes some of its profits from its merchandise, but the bulk of its profits come from membership dues. Only members can shop at Costco. The membership business model...
Jul 4, 2024 · As a result of its resounding success and continued expansion, Costco has been a go-to option for many investors. Year to date, the retail stock is up 28%. And at 52 times earnings, investors...
