Is It Too Late to Buy Costco Stock Now?
Costco Wholesale (NASDAQ: COST) is incredibly popular, particularly among price-conscious shoppers drawn to its bulk-buying model and competitive prices. Its stock has soared by 41% over the past 12 months, outpacing the benchmark S&P 500 by roughly 20 percentage points.
Any time a stock surges like that in a relatively short period, prospective investors may wonder how much bigger the company can get. So let's examine the company's recent financial results, potential risks, and prospects for growth.
With the membership-only retailer's stock trading at near-record highs, it shouldn't be surprising that its top and bottom lines have been hitting record levels. Specifically, for the trailing 12 months, Costco generated $245.7 billion in revenue and $6.5 billion in net income. For comparison, Costco generated $231 billion in revenue and $5.9 billion in net income in the preceding 12 months, representing year-over-year increases of 6.4% and 10.2%, respectively.
Source Fool.com
