Advertisement
Australia markets closed
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • AUD/USD

    0.6529
    +0.0006 (+0.09%)
     
  • OIL

    83.89
    +0.32 (+0.38%)
     
  • GOLD

    2,348.20
    +5.70 (+0.24%)
     
  • Bitcoin AUD

    97,264.05
    -936.88 (-0.95%)
     
  • CMC Crypto 200

    1,319.62
    -76.92 (-5.51%)
     
  • AUD/EUR

    0.6107
    +0.0034 (+0.56%)
     
  • AUD/NZD

    1.0993
    +0.0035 (+0.32%)
     
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NASDAQ

    17,719.49
    +288.98 (+1.66%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • Dow Jones

    38,232.17
    +146.37 (+0.38%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Costco Is Down 15% From Its High. Time to Buy?

Costco Is Down 15% From Its High. Time to Buy?

Costco Wholesale (NASDAQ: COST), one such stock to pay attention to, is down about 15% from its all-time high that was set in April last year. After posting net revenue growth of 17.8% in fiscal 2021 and 16.1% in fiscal 2022 (ended Aug. 28), Costco's business has been dealing with a bit of a slowdown. Sales only increased 8.1% in the most recent fiscal quarter (the first quarter of 2023, ended Nov. 30).