Costco Seen Rising Amid Global Growth Opportunities

Costco’s F2Q print should be good, showcasing the consistency of its business model, and won’t change the debate on the stock, UBS analysts say in a research note. The wholesale retailer has demonstrated that it can benefit from all kinds of economic environments, including when consumers are stretched by inflation. Now, it’s seeing the benefits of an upturn in discretionary categories ahead of other retailers. Costco’s shares still have several catalysts ahead amid a long runway of growth globally, the analysts add. “The company’s recent club openings in China are a good way to gauge this.” Shares rise 0.3% to $725.77 and are up 10% year-to-date.

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