Costco Is a Growth Stock. January Sales Prove It.

Despite its entrenched position in the U.S. retail sector, this powerful discount chain still has the characteristics of a growth stock.Some investors might automatically assume Costco (COST -0.57%) is an established, slow-growing company. They would be right on one count, but wrong on the other. It is certainly an established leader. But it's not slow-growing. In fact, the membership-based wholesale retailer's earnings per share grew by a high-teens percentage in its fiscal 2024, which ended Sept. 1. Furth ...