General Motors is turning to Costco's Auto Program to help it sell more EVs. The wholesaler partners with automakers and dealers to offer discounted vehicle prices for members.An executive told CNBC selling EVs to Costco's 50 million members was a "huge opportunity" for GM. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Ema ...

Market Overview - The market rally is uneven, with technology and AI-related stocks performing well, while blue-chip and value stocks lag behind [1] - Growth stocks have outperformed value stocks since the current bull market began 18 months ago [1] - This uneven performance presents a buying opportunity for investors to acquire quality stocks at lower prices [1] Lululemon (LULU) - Lululemon's stock rose after reporting Q1 EPS of $2.54, exceeding the expected $2.38, and revenue of $2.21 billion, beating the consensus of $2.19 billion [2] - Quarterly sales increased by 10% year-over-year, but North American sales growth has slowed, with a 3% increase compared to a 17% rise a year earlier [2] - For 2024, Lululemon forecasts earnings of $14.47 per share and revenue of $10.80 billion, aligning with Wall Street expectations [3] Costco Wholesale (COST) - Costco reported an 8.1% year-over-year sales increase in May, reaching $19.60 billion, with e-commerce sales rising 15.3% [5] - Same-store sales grew by 6.4% in May, following a 5.6% increase in April, and Q1 revenue was $57.40 billion, a 9.1% year-over-year increase [5] - COST stock has gained approximately 30% in 2024 and 62% over the last 12 months [6] Lowe's (LOW) - Lowe's stock has remained relatively flat year-to-date, down about 1%, and trades at 13 times future earnings estimates [7] - Q1 EPS was $3.06, surpassing the expected $2.94, with revenue of $21.36 billion, slightly above the forecast of $21.12 billion [7] - Sales declined by 4% year-over-year, marking the fifth consecutive quarter of decline, but sales to professional contractors and online sales continue to grow [8]

Core Insights - Costco's unique business model continues to demonstrate strong marketability, indicating that the company meets the value expectations of its members [1] - The retail sector is generally slow-growing, but Costco has consistently outperformed its competitors [2] - Costco's growth is supported by evolving consumer preferences that favor subscription-based models and value-oriented shopping [3] Group 1: Business Model and Performance - Costco's membership-based model restricts shopping to paying members, with annual fees starting at $60, which can increase with additional perks [2] - Membership has surged from less than 40 million to over 74 million in the past decade, while store count has grown from 655 to over 870 [2] - Annual revenue has increased from $110 billion in fiscal 2014 to an estimated $259 billion for the fiscal year ending in August [2] - Costco's stock price has risen 634% over the past ten years, turning a $5,000 investment into approximately $36,700 [2] Group 2: Future Growth Potential - Despite a crowded retail market, Costco's growth trajectory remains promising due to changing consumer shopping preferences [3] - Consumers are increasingly willing to pay subscription fees for access to goods and services, aligning with Costco's business model [3] - The expansion of Costco enhances its value proposition, creating a cycle of membership growth that drives same-store sales [3]

Costco runs an incredible business, but its valuation has become expensive.Costco Wholesale (COST 0.35%) has been a reliable market-beating stock for ages. The company operates under a warehouse model that breeds loyalty and sales growth, and it also pays a dividend. There's nothing not to like about Costco stock -- except for its valuation.Is Costco's premium valuation a setup for a fall?Why Costco stock keeps climbingCostco has 879 warehouse stores globally, 606 of them in the U.S. It stands out from othe ...

Costco shares' sizable gains since this time last year are justified, and there's reason to expect more of the same.Trading at record highs thanks to its 60% rally over the course of the past 12 months, Costco Wholesale (COST 0.35%) stock could be a bit intimidating. It feels like a pullback could be in the offing. And, maybe that's exactly what's in the cards.Perhaps the bigger risk here, however, is at the other end of the continuum. That is, waiting any longer to buy into this red-hot name could prove co ...

The valuation can normalize by the stock price going down or by profits going up. Which will it be?Warehouse-style retail chain Costco Wholesale (COST 0.35%) is a stock that investors are willing to pay up for right now. Any stock's valuation -- how expensive or cheap it is -- can be measured relative to the size of its business. And Costco's is objectively high.One way to value a stock is by the profits from the business. This is called the price-to-earnings (P/E) ratio. Among the hundreds of companies in ...

Costco Wholesale Corporation (COST) continues to excel due to its strategic growth initiatives, effective pricing strategies and steady membership trends. These factors have propelled the company's performance, leading to impressive sales figures. Let's delve into the details of Costco's performance and understand why this retail giant remains a dominant force in the market.Sales Performance OverviewIn May, Costco reported an impressive increase in comparable sales, achieving 6.4% growth during the four-wee ...

In this articleGMCOSTCustomers exit a Costco store in Teterboro, New Jersey, June 28, 2023.Kena Betancur | Corbis News | Getty ImagesDETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale.The Detroit automaker said it's increasingly using the retail giant's Costco Auto Program for EVs as it expands its portfolio from niche vehicles to mass-market segments with vehicles such as the Chevrolet Equinox and Chevrolet Blazer ...

Costco plans to stop selling books regularly at its wholesale clubs from January through August starting next year, the New York Times reported Thursday. Publishing executives told the outlet the retailer came to the decision, at least in part, because of the added cost for workers to stock the books, which are placed on tables for display, unlike other items that can simply be rolled out on pallets for customers to grab from. According to the outlet, the sources said Costco might still sell books on occasi ...

The dominant retailer reported another quarter of solid financial results.Once again, Costco (COST 0.83%) gave its shareholders reason to be optimistic. The massive warehouse store operator just reported revenue of $58.5 billion (up 9% year over year) and diluted earnings per share of $3.78 (up 29%) that easily beat Wall Street consensus analyst estimates. The business continue to hum along.But even though this is a top retail stock that has crushed it for investors historically, I think it's best to keep i ...