Total company revenues were up 6% compared to a year ago. The Profit Margin of 2.9% was better than the longer-term average of 2.5%. A 90x multiple applied to a Sales Growth Rate of 9% would imply a share price 810. Costco's narrative revolves around execution. Considering the company continues to execute and deliver top-line growth, the stock will be rewarded in some form.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.