Why Is Costco Stock Up 2x S&P 500 This Year?

Note: Costco FY’24 ended on September 1, 2024.RICHMOND, CALIFORNIA - JULY 11: In an aerial view, the Costco logo is displayed on the exterior of a ... [+] Costco store on July 11, 2024 in Richmond, California. (Photo by Justin Sullivan/Getty Images)Getty ImagesWarehouse club operator Costco (NASDAQ: COST) stock is up 52% since the beginning of this year, almost 2x the return of the S&P 500 over the same period. In comparison, Costco’s peer Walmart’s (NYSE: WMT) stock has swelled about 80% over the same peri ...