Why Is Everyone Talking About Costco Stock?
When Costco Wholesale (NASDAQ: COST) reported fiscal second-quarter results in early March, investors didn't react positively. They sent the stock price down by more than 2% over the next few days.
Fortunately, the stock has recovered and trades at an even higher level than before it reported earnings. What are people talking about that set the stock price on a roller coaster ride?
There's nothing to complain about regarding Costco's sales growth. It has consistently produced higher annual same-store sales (comps) over the years. In the most recent quarter, which ended on Feb. 14, adjusted comps, which remove foreign currency translation adjustments and gasoline price changes, rose by 12.9%.
Source Fool.com
