Costco International: 650+ Store Opportunity
In Practise Analysis
inpractise.com/articles/costco-international-store-count-outlook
In 2020, RBC released a research paper estimating COST could grow its US store base by over 400 units. The population size, density, and median income of many regions of the US are still under-penetrated by Costco. At the 15 year average of ~13 US stores added per year, this gives COST another ~30-years of growth.
But what about International growth?
This is arguably the larger opportunity and it’s proving to be more profitable on an EBIT basis.
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