Costco (COST, Financial) experienced a significant stock movement, with its share price rising by 2.05%. The stock is currently trading at $1,000 per share, with a trading volume of 960,624 shares and a turnover rate of 0.22%. The price fluctuation is at 3.16%.
Recent financial reports reveal that Costco achieved a revenue of $62.151 billion and a net profit of $1.798 billion, resulting in an earnings per share (EPS) of $4.05. The gross profit stood at $8.042 billion, with a price-to-earnings (P/E) ratio of 58.69.
In terms of analyst ratings, out of 38 institutions, 58% recommend buying the stock, 37% suggest holding, and 5% advise selling. Within the discount store industry, where Costco operates, the sector saw an overall increase of 1.78%. Notable gainers included Costco, Dollar General, and Walmart. Active stocks in this sector were Dollar Tree, Dollar General, and Target, with turnover rates of 1.32%, 0.73%, and 0.56%, respectively. Stocks with significant price movements included Dollar Tree, PriceSmart, and Dollar General, with fluctuations of 6.79%, 4.33%, and 4.18% respectively.
Costco operates a membership-based retail model, focusing on offering selected products at low prices in bulk. By minimizing display costs and storing inventory at sales points, Costco reduces distribution expenses, allowing for competitive pricing. This strategy supports high sales volumes per warehouse, enabling profitability despite low margins. Costco runs over 600 warehouses in the U.S., capturing more than 60% of the domestic warehouse club market. Internationally, it operates an additional 280 warehouses, primarily in Canada, Mexico, Japan, and the U.K.
