1 Thing Costco Does Better Than Anyone Else
At a time when brick-and-mortar retailers are facing intense competition from online companies, including behemoth Amazon, Costco Wholesale (NASDAQ: COST) continues to achieve impressive feats. Its results haven't skipped a beat, even in the current recession.
Its recently reported fiscal second-quarter results, which covered the period that ended on Feb. 14, attest to its appeal. Same-store sales (also called comps) after excluding foreign currency translations and changes in gasoline prices were up by 12.9%. Costco's operating income grew by 6% to $1.3 billion, temporarily depressed due to pandemic-related costs and a lower margin on gasoline sales.
The company doesn't have a great secret to its success. It operates on a simple premise and executes it better than anyone else. Let's see how Costco has continued to thrive.
Source Fool.com
