Reported 2 days ago
Costco, a leading consumer goods company with a market cap of $430 billion and 140 million members, is attracting investor interest due to its rising sales and earnings. Although its stock is relatively expensive, its strong financial health and growth prospects suggest it could be a good long-term buy. Costco's profitability largely stems from membership fees, achieving a 93% renewal rate, and its ability to draw in new members highlights its resilience, especially in economic downturns.
Source: YAHOO