Costco Wholesale Corporation Stock News
Latest Stock Quote and History
Costco Wholesale Corporation (COST) is a leading American multinational corporation that operates a chain of membership-only warehouse clubs. The company's stock is publicly traded on the NASDAQ stock exchange and has experienced significant growth in recent years.
Key Financial Indicators
As of the market close on Friday, October 7, 2023, Costco's stock price was $565.22 per share. The stock has gained over 15% in the past year and has a market capitalization of approximately $250 billion.
The company's revenue for fiscal year 2023 was $222.8 billion, up 8.3% from the previous year. Costco also reported a net income of $5.7 billion, an increase of 7.2% year-over-year.
Costco's strong financial performance is attributed to factors such as its membership model, which generates recurring revenue, and its efficient supply chain management. The company's focus on customer satisfaction has also contributed to its success.
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