Costco has multiple levers of growth at its disposal, which should lead to a further boost in the stock even after its already impressive year-to-date gains.
"If you're disappointed, go to another stock," Jim Cramer said during Friday's Investing Club's Morning Meeting .
Jim said investors should not be concerned about the pullback because the stock often drops the day after earnings.
COST 1Y mountain COST 1-year stock performance.
In addition to exceeding estimates on the top and bottom lines in its fiscal 2024 third quarter, Costco turned in a better-than-expected 6.5% comparable sales increase.
Persons:
Jim Cramer, Jim, Costco, Ron Vachris, Gary Millerchip —, Millerchip, Vachris, D.A, Davidson, Redburn, Rich Galanti, it's, Jim Cramer's, John Keeble
Organizations:
Costco, Walmart, Kroger, Costco Logistics, CNBC, Lakeside, Getty
Locations:
U.S, Japan, Korea, China, Grays, United Kingdom