12 Best Grocery Store Stocks to Buy Now

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2. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 95

Costco Wholesale Corporation (NASDAQ:COST) operates membership-only big box warehouse club stores and is one of the most popular department stores in the US. It offers an extensive collection to its customers, including a range of grocery items.

Costco Wholesale Corporation’s (NASDAQ:COST) retail approach lends it a competitive market position. The company is attracting a growing number of loyal shoppers worldwide by offering membership-based pricing and discounts on bulk items. In addition, its stock has surged by nearly 36% in the past 12 months.

Costco Wholesale Corporation (NASDAQ:COST) generated revenue of $62 billion in fiscal Q1 2025, marking a 7.5% increase compared to the same quarter last year. It also ended the quarter with 77.4 million paid household members, reflecting a 7.6% growth compared to last year and highlighting its continued popularity.

To continue this demand, the company is expanding its operations, opening new stores and consolidating its presence in 47 US states. It attained its target of opening 30 new warehouses in fiscal 2024. It is also expanding its presence internationally and has plans to take on 12 of its 29 planned openings outside the US.

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