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.
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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