Topic: How To Invest

Q: Can I get TSI’s take on Costco as a stock to consider adding to my holdings? Thanks.

Article Excerpt

A: Costco Wholesale Corp., $561.10, symbol COST on Nasdaq (Shares outstanding: 443.1 million; Market cap: $249.1 billion;, owns and operates warehouse-sized stores that sell a wide variety of consumer goods and services. The company charges its customers an annual membership fee to shop at its locations. It currently has more than 860 outlets. There are 591 in the U.S. and Puerto Rico, 107 in Canada, 40 in Mexico, 29 in the U.K., 33 in Japan, 18 in South Korea, 14 in Taiwan, 15 in Australia, five in China, four in Spain, two in France, and one each in Iceland, New Zealand and Sweden. It also sells products online in the U.S., Canada, the U.K., Mexico, South Korea, Taiwan, Japan and Australia. Since 2018, Costco has opened 99 new stores—and expanded its e-commerce channels. The company’s revenue has increased 60.3%, from $141.6 billion in 2018 to $227.0 billion in 2022. Earnings rose 86.5%, from $3.1 billion, or $7.09 a share, in 2018…