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The markets have been volatile over the past few weeks as investors process a slew of economic and policy changes. The tech-heavy Nasdaq Composite is officially in correction territory, down more than 13% from its recent highs as of the close of trading Monday.
Costco has long been known for its stability and strong customer base, even in the face of broader economic headwinds.
Costco (COST) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Costco Wholesale NASDAQ: COST March 2025 price plunge allows investors to buy into this industry-leading membership club at a discount ahead of an expected special dividend payment. The company is still a few quarters away from being able to issue another special but is on track, increasing its cash by 25% YTD in Q2 and 35% compared to the prior year.
Costco's (COST -3.10%) stock dropped 6% on March 7 after the company posted its latest earnings report. In the second quarter of fiscal 2025, which ended on Feb. 16, the warehouse retailer's revenue rose 9% year over year to $63.72 billion and exceeded analysts' estimates by $640 million.
Costco's distinctive membership business model and pricing power set it apart from traditional players. Comparable sales for February increase 6.5%.
The Nasdaq has been a surefire winner over the past two years, soaring in the double digits annually. Investors were optimistic about the potential for a lower interest rate environment ahead and the fact that such a backdrop could benefit high-growth companies.
Shares of Costco (COST) fell more than 7% in midday trading on Friday after the wholesale retailer reported mixed second-quarter earnings results, missing profit estimates but beating on revenue, as the company braces for the impact of tariffs and inflation on consumer spending.
COST's second-quarter results report a 9% year-over-year revenue rise, with e-commerce comparable sales up 20.9%. Strong comparable sales gains across key markets.
Shares of Costco (COST -6.50%) traded 6.4% lower, as of 10:14 a.m. ET, after the large membership retailer reported mixed earnings results.