Costco Wholesale Corporation (NASDAQ: COST) appears to be navigating the apocalypse in the retail sector with ease. The company’s first-quarter results trouncing estimates and exceeding expectations attest to a company firing on all cylinders. This contrasts with some retailers that have had to close shops on store traffic declining to levels never seen before.
Earnings Beat:
The ability to continue attracting new members by offering a broad range of high-quality merchandise at low prices is a tactic that has allowed the retailer to stay afloat amid the challenging macro-environment.
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Hiral Shah, StockEarnings.com.
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