Ross stores was an up and comer in 1993. It had solid growth in sales and earnings while also being well managed with excellent cost control. Ferber and Balmuth put them on a solid growth trajectory. It also sold with a mid-teens P/E. Then, it split three times in the next ten years.
Costco released earnings today and is looking good, really good.
Attached are four charts comparing Costco's quarter one year over year sales and net income since 2003. The trend is clearly "taking wings" in the current quarter.
