Costco's (COST, Financial) stock experienced a notable increase of 5.01%. The share price reached $959.72, with a trading volume of 1.81491 million shares and a turnover rate of 0.41%, showcasing a price fluctuation of 5.00%.
Recent financial reports reveal substantial performance: Costco reported a revenue of $254.453 billion and a net profit of $7.367 billion, achieving earnings per share of $16.60. The company's gross profit stood at $32.095 billion, with a price-to-earnings ratio of 57.94. Out of 40 institutions participating in the stock's rating, 53% recommended buying, 45% suggested holding, and only 2% advised selling.
Within the discount retail sector, which saw an overall rise of 4.31%, Costco, Bbb Foods Inc., and Walmart posted significant gains. Companies such as Dollar Tree, Dillard's, and Ollie's Bargain Outlet Holdings, Inc. showed notable activity with turnover rates of 1.24%, 0.85%, and 0.59% respectively. The stocks of Costco, Dollar Tree, and Bbb Foods Inc. were among those with substantial price volatility at 5.03%, 4.64%, and 3.29% respectively.
Costco operates a membership-based, streamlined retail model focusing on low-cost, bulk provisioning of selected goods. Its low-cost structure enables Costco to offer products at prices below those of competitors, fostering high sales volume at each location despite slim margins. In the U.S., Costco runs over 600 warehouses, capturing more than 60% market share in the domestic warehouse club sector. Internationally, it manages an additional 270 warehouses, primarily across Canada, Mexico, Japan, and the UK.
