5 Reasons to Buy Costco Stock Like There's No Tomorrow
The resilient retailer is still a rock-solid investment.
Costco's (NASDAQ: COST) stock dropped 6% on March 7 after the company posted its latest earnings report. In the second quarter of fiscal 2025, which ended on Feb. 16, the warehouse retailer's revenue rose 9% year over year to $63.72 billion and exceeded analysts' estimates by $640 million. Its adjusted comparable store sales also grew 9%.
Its net income rose 3% to $1.79 billion, or $4.02 per share, but it missed the consensus forecast by $0.09. That earnings miss, which it mainly blamed on higher merchandise costs, clearly rattled its investors. However, I think this pullback represents a compelling buying opportunity in the evergreen retailer, for five simple reasons.
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