Forecast Of The Day: Costco’s U.S. Revenue Per Square Foot
What?
Costco’s (NASDAQ:COST) Revenue per Square Foot at its U.S. warehouses rose from $1,106 in 2019 to $1,392 in 2021. Trefis expects the metric to rise further to about $1,600 by 2023.
Why?
- Costco Stock Has Grown 2x S&P 500 So Far This Year: More Gains After Q4 Results?
- Up 23% Since Beginning of This Year, Will Costco’s Strong Run Continue Following Q3 Results?
- Up 8% This Year, Why Is Costco Stock Outperforming?
- Does Costco Stock Have More Room For Gains After Rising 40% in 2023?
- What To Expect From Costco’s Stock Post Q4 Results?
- Costco’s Stock Up 23% So Far, What’s Next?
Costco’s focus on low prices and a large selection is enabling it to scale up its membership base and overall revenue per square foot.
So What?
However, despite the strong growth, we think COST stock looks fully priced at current levels. We value the stock at about $550 per share, 4% ahead of the current market price.
See Our Complete Analysis For Costco
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| Returns | Mar 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| COST Return | 2% | -7% | 230% |
| S&P 500 Return | -4% | -12% | 88% |
| Trefis MS Portfolio Return | -5% | -15% | 236% |
[1] Month-to-date and year-to-date as of 3/8/2022
[2] Cumulative total returns since the end of 2016