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Key Facts on Growth Stocks: Costco and Amazon
Costco Wholesale (NASDAQ: COST) reported sales of $270 billion for its fiscal year ending August 31. Founded in 1983, the company operates over 900 stores worldwide, focusing on low prices through efficient purchasing. Costco’s membership renewal rates exceed 90%, indicating high customer satisfaction.
Amazon.com (NASDAQ: AMZN) has seen robust growth, with Amazon Web Services (AWS) generating $116 billion in sales and $43 billion in operating profits over the past year. The global retail e-commerce sales are projected to rise from $6.4 trillion in 2024 to $12.3 trillion by 2030, according to Grand View Research. AWS sales grew by 18% during the same period.
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