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Costco Sells Everything From Gas to Gold Bars. But It Gets 73% of Its Profit From Somewhere You Wouldn't Expect.
The Motley Fool· 2024-01-02 20:55
Costco Wholesale (COST -1.43%) has become one of the world's most successful retailers. Shareholders have reaped huge rewards over time, as Costco stock has soared 72,600% since going public in the early 1980s.A big part of Costco's popularity has come from the fact that you can get just about anything you want there. The warehouse retailer is probably best known for its cost-conscious rotisserie chickens and hot dog meals. Customers also like to stock up on essentials like toilet paper while they're shoppi ...
Costco's Growth Will Persist, Even If The U.S. Enters A Recession
Seeking Alpha· 2023-12-31 03:41
Eric Thayer Costco (NASDAQ:COST) experienced an exceptionally strong q1’24 in revenue across all segments and membership growth. With margins widening towards FY21 levels, the big question is whether Costco will be able to maintain this level of growth and profitability. With an anticipated 33 new warehouses opening in 2024, strong 90.50% global renewal rates, and gasoline prices relieving some of the pressure on gross margins, Costco should be set up for a strong FY24. I provide COST shares a BUY recom ...
Stock Split Watch: Will Costco and MercadoLibre Split Their Stocks in 2024?
The Motley Fool· 2023-12-28 10:15
Investors love stock splits. Although they don't change anything essential about a company or its stock, companies that split their stocks have typically seen them rise in value to such an extent that they need to reduce the price tags to make them more accessible to investors. That indicates these are well-run, well-liked companies, making them intriguing stock picks.High-profile companies like Amazon, Apple, and Nvidia have recently split their stocks. But despite huge price tags, Costco Wholesale (COST - ...
Costco Wholesale Is a Fabulous Company. Here's Why I Won't Buy the Stock in 2024.
The Motley Fool· 2023-12-28 07:49
Costco Wholesale (COST 1.09%) doesn't have a lot of bells and whistles as a retailer, but that hasn't stopped the stock from delivering monster returns over its history.Since its IPO in 1985, Costco's stock price has grown by more than 75,000%, turning a $1,000 investment into more than $750,000. That's not including dividends -- reinvested dividends along Costco's history raised the total return to 110,800%. The retail giant was back in the news lately after announcing a $15-per-share special dividend. Cos ...
Where Will Costco Stock Be in 5 Years?
The Motley Fool· 2023-12-28 07:45
On Dec. 14, Costco Wholesale (COST 1.09%) announced its biggest special dividend ever: $15 in cash to each shareholder on record as of Dec. 28. The announcement led to a surge of interest from investors who want to take advantage of the windfall and the possibility of more to come. But what will Costco's long-term performance look like? Let's discuss whether the retailer has what it takes to continue rewarding investors. Costco is trouncing the marketWith its shares up by a solid 48% year to date in 2023, C ...
Best Stocks To Buy In 2024? 2 Blue Chip Stocks In Focus
Stockmarketcom· 2023-12-26 10:39
Blue chip stocks refer to shares of large, well-established companies that have a history of steady earnings and dividend payments. These companies typically have ample cash reserves and operate in mature industries. Some examples of blue chip stocks include Johnson & Johnson (NYSE: JNJ), Procter & Gamble (NYSE: PG), and Coca-Cola (NYSE: KO).Investing in blue chip stocks offers several potential advantages. Their size and financial strength provide them with staying power during market downturns. Their cons ...
Costco Stock Analysis: Buy, Sell, or Hold for 2024?
The Motley Fool· 2023-12-25 09:22
Fool.com contributor Parkev Tatevosian analyzes Costco's (COST 0.97%) business and why the company has been so successful. *Stock prices used were the afternoon prices of Dec. 21, 2023. The video was published on Dec. 23, 2023. ...
Top Wall Street analysts like these stocks into the new year for their growth potential
CNBC· 2023-12-24 08:53
In this articleCOSTCYB-FFUBERThe logo of Uber is seen at a temporary showroom at the Promenade road during the World Economic Forum 2023, in the Alpine resort of Davos, Switzerland, on Jan. 20, 2023.Arnd Wiegmann | ReutersThe Federal Reserve's forecast for three rate cuts in 2024 has lifted investor sentiment, but macro uncertainty can weigh on investment decisions.Wall Street's analysts can dig into the details to find out which stocks are most resilient heading into the new year.Here are three names favor ...
Missed Out on Costco Stock? 1 Contrarian Retail Stock Buy for 2024
The Motley Fool· 2023-12-21 05:17
With the U.S. economy in 2022 and 2023 facing headwinds from inflation and higher interest rates, warehouse retailer Costco Wholesale (COST -2.47%) has gotten all sorts of attention. Its sales have been humming along at a healthy clip, but its net income growth in particular has been brisk. That bottom-line figure is essentially a simple measure of Costco's income from its annual membership fees, as it doesn't actually sell its merchandise for anything resembling a net profit.All of that growth over the las ...
Costco(COST) - 2024 Q1 - Quarterly Report
2023-12-19 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 For the quarterly period ended November 26, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 Commission file number 0-20355 Costco Wholesale Corporation (Exact name of registrant as specified in its charter) Washington 91-1223280 (State or other jurisdiction of (I.R.S. Employer Identificat ...