Costco, with a market cap of $430 billion and 140 million members, is seeing sales and earnings growth. Despite pricey stock, it remains a solid long-term investment with strong financials and expansion plans. Investors are bullish on Costco, with its stock doubling in value over the past three years.

As the second-largest consumer goods company with a market cap of $435 billion, Costco continues to attract investors. Its business model relies on membership fees, with a 93% renewal rate and 140.6 million members. Sales, earnings, and customer growth are strong, with plans to open 24 new warehouses by 2025.

Costco’s shares are not cheap, with a P/E ratio of 55, but its financial performance justifies the valuation. The company’s high membership renewal rates and affluent customer base make it resilient in economic downturns. Consider implementing dollar-cost averaging when investing in Costco stock for long-term gains and stability.

Read more at Yahoo Finance: Costco Is One of the Largest Consumer Goods Companies by Market Cap. But Is It a Buy?