Business and Finance Business and Finance

Why Is Costco Wholesale Corporation (COST) Among Louis Navellier's Top Long-term Stock Picks?


Published on 2025-01-18 12:01:11 - MSN
  Print publication without navigation

  • We recently compiled a list of the Louis Navellier's Top 15 Long-Term Stock Picks. In this article, we are going to take a look at where Costco Wholesale Corporation (NASDAQ:COST) stands against the other stocks.

The article from MSN Money discusses why Costco Wholesale Corporation (COST) is considered one of Louis Navellier's top long-term stock picks. Costco has shown robust performance with a 6.5% year-over-year revenue increase in the first quarter of fiscal 2024, driven by a 5.2% rise in comparable sales. This growth is attributed to Costco's ability to attract and retain members through its value proposition, evidenced by a 92.7% membership renewal rate in the U.S. and Canada. The company's strategic initiatives include expanding its physical footprint with plans to open 31 new locations in 2024, and enhancing its e-commerce capabilities. Additionally, Costco's focus on maintaining low prices, offering high-quality products, and providing excellent customer service underpins its competitive edge. Navellier highlights Costco's consistent earnings growth, strong balance sheet, and shareholder-friendly policies like regular dividend increases and special dividends as reasons for its attractiveness as a long-term investment.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/why-is-costco-wholesale-corporation-cost-among-louis-navellier-s-top-long-term-stock-picks/ar-AA1xqT4p ]