Costco Wholesale Corp Reports Steady Growth

Costco Wholesale Corp has experienced steady growth over the last decade, driven by new store expansions and good traffic. The company’s sales growth has been approximately 9% over the last decade, while earnings growth has been around 13%.

Financial Performance

The company’s financial performance is reflected in its relatively high price-to-earnings ratio. Analysts remain optimistic about its prospects, with a price target of over $1080.

Labor Dispute

The company is currently facing a labor dispute with its drivers. The drivers are demanding payment of wages guaranteed under their collective bargaining agreement. The details of the dispute are as follows:

• The drivers are seeking payment of wages that they claim are owed to them under their collective bargaining agreement.
• The company has not yet commented on the specifics of their proposal to resolve the dispute.
• The outcome of the dispute is currently uncertain.

Key Statistics

• Sales growth: approximately 9% over the last decade
• Earnings growth: around 13% over the last decade
• Price-to-earnings ratio: relatively high
• Price target: over $1080