4 Things to Know About Costco Stock in 2024
It's no secret that Costco Wholesale (NASDAQ: COST) is among the most successful retailing businesses around. An intense focus on efficiency and price leadership allowed the warehouse club giant to build the third-largest retailing empire on the planet, trailing only and Amazon. Costco achieved this success with a much smaller sales footprint, too, as each store (871 globally) generates over $250 million of revenue per year, on average.
There are other aspects of its business that investors should know before buying the stock this year. Here's a look at four of the biggest.
The main piece of good news driving shares higher into 2024 is Costco's improving growth rates. The company releases monthly sales updates, in contrast with most retailing peers, and that's why investors know more about how this business performed through the holiday shopping season.
Source Fool.com
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