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So with Costco continuing to grow its business,is it a good time to buy the stock?
A dozen of the new locations will be in global markets.
That follows the 30 locations Costco opened in fiscal 2024, which ended on Sept. 1.
The new stores will add to what is already a big operation.
As of early December, Costco operated a total of 897 warehouses.
The vast majority 617 are in the United States and Puerto Rico.
The rest are scattered among China, Spain, France, Iceland, New Zealand and Sweden.
Costco also operates e-commerce sites on four continents.
Its stock price traded at a 52-week high of $1,008 in mid-December.
Many analysts rate the stock a Buy a sign that they expect it to keep pushing higher.
This usually means its a good time to buy the stock.
Walmart-owned Sams Club was next at 31%, followed by BJs at 7%.
Costco has also endeared itself to Wall Street with its winner-take-all expansion mentality and strong financials.
Comparable sales in Canada rose 3.7%, while those in other international markets climbed 1.3%.
But Costco keeps beating the odds because it does so many things well, analysts say.
Membership fees are an important part of Costcos story because they generate more than half of its profits.
In 2024, the company announced that it would hike its fees for the first time in seven years.
Analysts will keep a close watch on how the raised fees impact Costcos financial results, if at all.
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