Costco stock surged 52% this year, beating expectations with strong earnings and revenue growth.

From Nasdaq: 2024-12-15 21:32:36

Costco stock has surged 52% this year, outperforming Walmart. Q1 earnings beat expectations with $4.04 EPS and $62.15 billion revenue, driven by 5.2% comparable sales growth. Membership fee income rose 8%. Renewal rates stayed strong at 90.4-92.8%. Stock valuation forecasted at $973 per share for FY’25. Costco benefits from inflation and cost savings for customers.



Read more at Nasdaq: Costco Stock Has Grown 2x S&P 500 This Year. What’s Next?