Why did Buffett's favorite stock Costco not rise as much as Walmart?
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Costco announced its first-quarter results for the fiscal year 2024, with sales increasing by 7.5% year-on-year to USD 60.99 billion and net profit rising by 13% to USD 1.8 billion. Although the stock price fell slightly by 0.6%, it has risen over 50% year-to-date. Compared to Walmart, Costco performs better in terms of sales per square foot, membership income, and cost control, but its stock price performance lags behind Walmart. Walmart's valuation increased from 26 times to 38 times, while Costco's rose from 45 times to 58 times, indicating a stronger valuation expansion for Walmart
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