Costco Wholesale Corporation has posted a remarkable $68.2 billion in revenue for the latest quarter, reinforcing its status as the 26th-largest company in the world by market cap. The retailer's membership base has expanded to 147.2 million cardholders, including 83.1 million paid members, marking a 4.8% increase year-over-year. Additionally, membership fee income surged by 13.6% to $1,355 million, further underpinning its financial stability as it navigates competition from Walmart. With $17.4 billion in cash and a dividend yield of around 0.5%, Costco is well-positioned for ongoing growth, with projected sales and earnings growth rates of 8.5% and 13%, respectively.
“Costco · is · the 26th-largest company · by market cap as of May 1”
“Costco · reported · $68.2 billion · in revenue”
“Costco · has · 147.2 million cardholders”
“Costco · has · 83.1 million paid memberships · up 4.8% year over year”
“Costco · provides · 2% of its total revenue · from memberships”
“Costco · offers · a quarterly dividend of $1.47 · with a yield of around 0.5%”
“Costco · has increased · its dividend by 86% · over the past five years”
“Costco · is trading at · 49.4 times projected earnings · as of April 29”
“Walmart · competes with · Costco · Sam's Clubs and Walmart+”
“Costco · is · 26th-largest company in the world by market cap · true”
“Costco · reported revenue · $68.2 billion · in latest quarter”
“Costco · has cardholders · 147.2 million · including 83.1 million paid memberships”
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