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Stockreport

4 Reasons to Buy Costco Stock Like There's No Tomorrow [Yahoo! Finance]

Costco Wholesale Corporation (COST)  More Company Research Source: Yahoo! Finance
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
The warehouse retailer endured four major U.S. recessions while turning a $1,000 investment in its IPO into more than $436,600. That was an incredible run, but cautious investors might be hesitant to buy Costco today because it looks a bit pricey at 46 times forward earnings. So today, I'll discuss four reasons it deserves that premium valuation -- and why it could head higher. 1. Membership growth and high renewal rates Costco can sell its products at such low prices and margins because it generates most of its profit from its high-margin membership fees. To keep growing, it needs to keep gaining new members while maintaining high renewal rates. In the second quarter of fiscal 2024 (which ended in February), Costco's total number of cardholders rose 7.3% year over year to about 132 million. Its worldwide renewal rate stayed flat year over year at 90.5%, but its renewal rate in the U.S. and Canada -- which accounts for 81% of its stores -- reached 92.9%. 2. Expanding brick-a [Read more]
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Stockreport

4 Reasons to Buy Costco Stock Like There's No Tomorrow [Yahoo! Finance]

Costco Wholesale Corporation  (COST) 
More Company Research Source: Yahoo! Finance
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
The warehouse retailer endured four major U.S. recessions while turning a $1,000 investment in its IPO into more than $436,600. That was an incredible run, but cautious investors might be hesitant to buy Costco today because it looks a bit pricey at 46 times forward earnings. So today, I'll discuss four reasons it deserves that premium valuation -- and why it could head higher. 1. Membership growth and high renewal rates Costco can sell its products at such low prices and margins because it generates most of its profit from its high-margin membership fees. To keep growing, it needs to keep gaining new members while maintaining high renewal rates. In the second quarter of fiscal 2024 (which ended in February), Costco's total number of cardholders rose 7.3% year over year to about 132 million. Its worldwide renewal rate stayed flat year over year at 90.5%, but its renewal rate in the U.S. and Canada -- which accounts for 81% of its stores -- reached 92.9%. 2. Expanding brick-a [Read more]
IMPACT SNAPSHOT
EVENT TIME:
COST
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS