Subject: Re: Costco
As a random comp, again one of the very very few good businesses in retail, ever looked at Alimentation Couche Tard? (rough translation "night owl foods") ATD.TO, or a lightly traded ADR of ANCTF in the US...

I'm not sure if this link will work, but it's the price history of Couche-Tard, along with rolling EPS and P/E ratio.

https://bigcharts.marketwatch....

The earnings trajectory is quite pretty.

Note, that's the graph for the Canadian listing, so the price and EPS are in Canadian dollars.
If you use ANCTF to get the US figures there isn't as much history, starts around mid 2015.

The same graph for Costco is of course even prettier.
https://bigcharts.marketwatch....

By eyeball, in both cases the earnings per share figures are roughly 4 times what they were in 2015.

Jim