You probably wouldn't believe that a company that has nothing to do with technological disruption or game-changing innovation has crushed the Nasdaq Composite Index. But that's exactly what Costco (NASDAQ: COST) has done. Its shares have soared 220% just in the past five years.

Can this top retail enterprise become a trillion-dollar stock by 2030? Continue reading to see if Costco can make it into this exclusive club that currently only has seven businesses.

Costco is a favorite among people looking for high-quality merchandise at cheap prices. That success with customers helps explain why Costco is a fantastic business. Its scale, as demonstrated by fiscal 2023 net sales of $238 billion, allows the company to obtain favorable pricing on the merchandise it buys from suppliers. This leads to lower prices, with more and more value accruing to shoppers.

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Source Fool.com