Despite Costco 's "lumpy" year, Jim Cramer urges investors to stay the course with one of the world's greatest retailers. "If you really want to go against Costco, again, another notice of your funeral," Jim said Friday on "Squawk on the Street." His pointed comments came a day after Costco reported a strong first quarter of fiscal 2026, after the bell on Thursday. The retailer delivered a top- and bottom-line beat, driven by membership fee growth, higher net sales, and healthy profits. Yet shares fell roughly 0.8% on Friday, indicating the upbeat report wasn't enough to move the needle for investors. The key pain point was a dip in membership renewal rates, signaling a slight slowdown. The reason for the pullback is apparent: The quarter "has to be perfect with that multiple," Jim explain
Cramer: Costco has a lot of upside despite the retailer's lumpy year
CNBC8 hrs ago
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