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Costco $COST November sales results

"Better-performing departments included tires, sporting goods, toys and seasonal, and automotive. Underperforming departments were majors, primarily consumer electronics, jewelry and hardware." $COST

$COST total company adjusted comps are strong but starting to slow. See the 3-year stacks below. This is the first quarter of the year <30%.

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Here is our public viz for Costco's comp trends

See COST's stock performance vs. SPY the last twenty years:

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And here is COST P/E vs. S&P 500:

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It seems like COST stock gets pushback for its premium P/E multiple. As seen above, it always trades at a premium. However, in the last twenty years, COST has only traded at 2X premium to the S&P 500 in 2011 and 2019. The stock took longer to deliver a return higher than market at this peak multiple both times. See 2011 case, for example:

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Tableau Public
Costco Comp Sales Analysis
Costco Monthly Comparable Sales Analysis #COST #Costco #Retail #StockMarket

Undefined's avatar
Nice to see you back posting sir!
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