Costco Wholesale Corporation (COST), headquartered in Issaquah, Washington, engages in the operation of membership warehouses. With a market cap of $412.1 billion, the company sells all kinds of food, automotive supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, health, and beauty aids, as well as other goods.
Shares of this discount stores giant have outperformed the broader market considerably over the past year. COST has gained 59.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 30.1%. In 2024, COST stock is up 40.6%, surpassing the SPX’s 24.1% rise on a YTD basis.
