Is Costco the Key to Unlocking Millionaire Status?

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Costco (NASDAQ: COST) reported its financial results on May 29, 2025, with revenue of $63.2 billion and diluted earnings per share (EPS) of $4.28, both exceeding Wall Street estimates. Following the announcement, shares rose by 4%, contributing to a 14% gain for the year.

In Q3, same-store sales increased by 5.7%, driven by a 14.8% growth in e-commerce comparable sales. Notably, Costco achieved $62 billion in merchandise sales during this quarter, reaffirming its strong market position. Investors should note that EPS is projected to grow at an annual rate of 11.3% from fiscal 2024 to fiscal 2027, though the current price-to-earnings ratio is high at 60.7, raising concerns about the stock’s valuation.

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