Costco's Growth Will Persist, Even If The U.S. Enters A Recession

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 ...