4 Things to Know About
Costco
Stock in 2024
1. Sales Surge: Costco's Dec. sales soar 9%, signaling consumer confidence rebound.
2. Stable Profits: Despite potential
membership
fee hike, profit margins remain steady at 3%.
3. High Valuation: Costco stock pricey at 1.2x sales, 50x profits; justifies premium with stable growth.
4. Cash Reduction: $7B dividend payout shrinks cash holdings to $10B; watch renewal rates for growth clues.
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