Costco Wholesale (NASDAQ: COST) members in the U.S. and Canada will soon pay more for their memberships after the company recently announced a price hike. The news comes on the heels of an outstanding 2024 for the stock, which is up approximately 25% year to date.

Given the rise in Costco stock, it's worth digging into its recent financials, the details of the price hike, and its valuation to determine whether it's a buy, sell, or hold.

Over the trailing 12 months, the membership-only retailer generated $253.7 billion in revenue and $7.2 billion in net income, representing year-over-year growth of 4.7% and 14%, respectively. Both represent record highs for any 12-month period in Costco's history. Additionally, it reached $74.5 million in memberships in its most recently reported quarter, representing a year-over-year increase of 7.8%.

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Source Fool.com