Is Costco Stock Worth Buying at $1,000?

Shares of Costco Wholesale (NASDAQ: COST) have significantly outperformed the broader market, soaring 200% over the last five years. This roughly doubles the S&P 500's return over the same period. Since reaching a 52-week high of $1,078 earlier this year, the stock has pulled back to $970 as of July 11.Costco's sales accelerated following the pandemic, and that momentum continued over the past few years. Between fiscal 2010 and 2019, revenue grew at an annualized rate of about 8%.But from fiscal 2019 through fiscal 2024, sales have increased close to 11% per year. This fueled investor enthusiasm for this world-class retail business, especially given that Costco still has a lot of opportunities to expand through e-commerce and nonfood sales.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool