Note: Costco FY’23 ended on August 27, 2023. Q4 results are scheduled to be announced on Sept 26.
After a 23% increase year-to-date, at the current price of around $563 per share, we believe Costco (NASDAQ: COST), a warehouse club operator – is fairly priced. COST stock has increased from around $457 to $563 YTD, outperforming the broader indices, with the S&P growing about 16% over the same period. The retailer’s consistent performance at driving revenue coupled with its dedication to enhancing customer experience, reflects its ability to thrive in the ever-changing retail landscape.
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