COSTCO: A Stock Worth Watching

Costco Wholesale Corporation (COST) is an American multinational corporation that operates a chain of membership-only warehouse clubs. As of 2023, Costco operates over 800 warehouses worldwide, including over 550 in the United States and Puerto Rico. The company sells a wide variety of products, including groceries, electronics, clothing, and home goods. Costco is known for its low prices and its generous return policy.

Costco's Financial Performance

Costco has been a consistently profitable company for many years. In fiscal year 2023, the company reported revenue of $192.1 billion, up 10.5% from the previous year. Net income was $5.4 billion, up 14.5% from the previous year. Costco has a strong balance sheet with $11.8 billion in cash and short-term investments and no debt.

Costco's Stock Performance

Costco's stock has performed well in recent years. The stock price has increased by more than 50% in the past five years. In 2023, the stock price hit a record high of $529.41.

Analysts' Recommendations

Analysts are generally positive on Costco's stock. The consensus recommendation is a "buy" rating. The average price target is $550.00.

Conclusion

Costco is a well-run company with a strong financial position. The company's stock has performed well in recent years and is expected to continue to do well in the future.

Further Reading

• Costco Wholesale Corporation website
• Costco Wholesale Corporation financial statements
• Analysts' recommendations for Costco Wholesale Corporation

FAQ

What is Costco's business model?

Costco is a membership-only warehouse club. The company sells a wide variety of products at low prices. Costco makes a profit by charging membership fees and by selling products in bulk.

How many Costco warehouses are there?

As of 2023, Costco operates over 800 warehouses worldwide.

What is Costco's return policy?

Costco has a generous return policy. Members can return any item for any reason, even if it has been opened or used.

What are the benefits of a Costco membership?

Costco members enjoy a number of benefits, including low prices, a generous return policy, and access to exclusive products and services.

How much does a Costco membership cost?

A Costco membership costs $60 per year.

Is Costco a good investment?

Costco is a well-run company with a strong financial position. The company's stock has performed well in recent years and is expected to continue to do well in the future.