Costco's stock, down 10% or more from its peak, has historically set a new high within a year, though two recent cases were exceptions. Over the past 10 years it fell 10% or more seven times before this decline; in five of them it set a new record within 12 months, and all seven recovered, the slowest in about 19 months. The two most recent drops lasted far longer: the 31.5% slide from April 2022's high took until December 2023 to recover, while the decline that began in February 2025 lasted until May 2026. With a P/E of 47.3 versus a 10-year average of 40 and slowing comparable-warehouse sales growth (8.8% in June versus 12.5% in May), the author thinks a new high within 12 months is less likely than the record implies, but still considers the dip a chance for long-term holders to buy more shares.
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Original headline: Costco Wholesale Has Fallen More Than 10 % From Its Peak Before . Here What History Says Happens Next .
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- Costco (COST) vs. Walmart (WMT): Which Retailing Giant Has a Wider Moat?
Costco (COST) and Walmart (WMT) have returned -0.71% and -5.38%, respectively, over the six months to October 15. Costco keeps customers returning through its membership model, low prices and the Kirkland Signature brand, while Walmart can grow its e-commerce, advertising and third-party marketplace by leveraging its large customer base and store network. Costco posted fiscal 2026 revenue of $303.2 billion, including $5.9 billion from membership fees, and net income up 14% to $9.2 billion; it ended the year with 84.1 million paid members and a 92.3% renewal rate in the US and Canada. In fiscal Q2 2027, Walmart's global e-commerce sales rose 23% and advertising rose 38%, yet Walmart US comparable sales grew only 2.6%. Costco trades at 40.32x forward earnings versus 38.02x for Walmart.
- Costco Wholesale Has Fallen More Than 10 % From Its Peak Before . Here What History Says Happens Next .
Costco (COST) is more than 10% below its peak, but the article notes such declines have historically been followed by a new record high within a year, though two recent exceptions stand out. Over the past 10 years the stock had seven drops of 10% or more before this one, five of which reached a new high within 12 months, and all seven eventually recovered. The two most recent declines took longer: the slide from the April 2022 high did not recover until December 2023, and the decline that began in February 2025 lasted until May 2026. The author points to slowing comparable sales, which rose 8.8% in June 2026 versus 12.5% in May, and a P/E of 47.3, still above its 10-year average of 40, as reasons a new high within 12 months looks less likely.
- Costco Wholesale Has Fallen More Than 10% From Its Peak Before. Here's What History Says Happens Next.
Costco's stock has fallen more than 10% from its May record high, with the drawdown at the lows just over 18%, and a recovery is already underway. Over the past 10 years, it had seven drops of 10% or more before this one and recovered from each, setting a new record within 12 months in five cases. The two most recent exceptions were a 31.5% slump from the April 2022 high that took until December 2023 to recover, and a decline from February 2025 that lasted until May 2026. Sales at warehouses open at least a year slowed to 8.8% in June 2026 from 12.5% in May, and the P/E of 47.3 on Oct. 15 remains well above its 10-year average of 40. The author, a long-term holder, says a new high within 12 months is less likely than the stock's record suggests, but sees the dip as a chance to buy more shares.
- Malaga city prepares for Costco opening : memberships launch with special offers
Costco will open its first Málaga store in spring 2027, but membership registration opened Monday, October 19, at a temporary office in the Málaga Nostrum retail park. Annual fees are around €36 for individuals and €30 for businesses and the self-employed. New members who sign up early get a €10 voucher usable within 30 days of the Málaga opening, immediate access to Costco shops and petrol stations in Spain, and an annual renewal extended to spring 2028. The store will cover more than 12,000 square metres, with 5,811 square metres for the general sales area, plus sections for meat, dairy, produce, fish, frozen foods and bakery.
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USA Financial Formulas bought a new position of 2,037 Costco Wholesale shares in the third quarter, according to its 13F filing with the SEC, worth about $1,854,000. The stake makes up roughly 0.4% of the fund's portfolio and is its 19th-largest holding. The article also reports two insider sales: EVP William Richard Wilcox sold 1,100 shares at an average $958.21 on October 13th, a 26.23% reduction in his position, while EVP Claudine Adamo sold 2,200 shares at $915.93 on September 29th, a 23.57% cut. Costco reported September net sales of $30.02 billion, up 13% year over year, with digitally enabled sales up 19%. Per MarketBeat, 24 analysts rate the stock Buy, eight Hold and one Sell, with a consensus price target of $1,087.40, and Costco declared a quarterly dividend of $1.47 per share.
- Costco Wholesale Corporation $COST Stock : TD Waterhouse Canada Inc . Grows Holdings
TD Waterhouse Canada Inc. raised its stake in Costco Wholesale (NASDAQ:COST) by 1.8% in the third quarter, to 339,113 shares worth $284,203,000, or 0.08% of the company. Other investors also changed positions, including Bank of America Corp DE, which took a new stake worth about $6,781,946,000 in the second quarter. COST opened at $989.11 on Friday, within a 52-week range of $844.06 to $1,096.50. Costco reported EPS of $6.75 for the most recent quarter, beating the $6.54 consensus, with revenue of $95.72 billion up 11.1% year over year. It declared a $1.47 quarterly dividend payable November 13th to holders of record as of October 30th, and MarketBeat's consensus rating is 'Moderate Buy' with a $1,087.40 average price target.
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