4 Signs of Costco's Ongoing Success
Costco Wholesale (NASDAQ: COST) is the leader in warehouse retail, with hundreds of stores worldwide and a highly successful membership model that's lured millions of people to shop from its offerings. Even as many have feared that e-commerce could be Costco's downfall, the company has continued to find ways to appeal to customers and promote its growth around the globe.
CFO Richard Galanti recently sat down with investment analysts to go over the retailer's most recent quarterly results. He highlighted a number of favorable things helping Costco right now, and following are his comments about a few of the most important ones for investors to know.
Our U.S. and Canada membership renewal rate came in at 90.9%, up 0.2 percentage points from 90.7% as of the end of the last quarter. Worldwide, the renewal rate was 88.4%, up from 88.3% a quarter ago. Both of these figures [are] all-time highs.
Source Fool.com
