Investment
Features
FeesSafety
Academy
More
Pluang+

Costco shares rise 14% in 2024, outperforming S&P 500 despite inflation and supply challenges.

Market News
30 Mar 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Costco's stock has increased by 14% this year, outperforming the S&P 500 which dropped 7%, thanks to its bulk buying power, gas stations offering below-market prices, and strong membership fees from 81 million members. The company reported an 8.6% revenue rise to $136.9 billion and a 12.5% net income increase to $4.04 billion over 24 months ending February 2024. Despite upcoming cost pressures from supply chain issues and rising gasoline prices, Costco's business model and high membership renewal rates position it well to handle inflation and market challenges.

More News (COST)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App