WMT - Costco Stock Just Hit an All-Time High. It's Now More Expensive Than Nvidia According to This Key Metric.
2024-05-16 05:15:00 ET
Few large companies have embodied the resilience of brick-and-mortar retail amid the transition to the digital age quite like Costco Wholesale (NASDAQ: COST) , which hit an all-time high on May 10.
The stock is up a mind-numbing 576% over the last decade. It is now the third-most-valuable U.S. consumer staples company behind Walmart (NYSE: WMT) and Procter & Gamble , and ahead of giants like Coca-Cola and PepsiCo .
Costco has done an excellent job building a brand that exudes customer loyalty. But the stock price has grown at a much faster rate than important metrics like sales, earnings, and operating cash flow.
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Costco Stock Just Hit an All-Time High. It's Now More Expensive Than Nvidia According to This Key Metric.