Consumers Look to Costco as Inflation Pinches Budgets
Costco Wholesale (NASDAQ: COST) reported fiscal 2022 third-quarter earnings after the markets closed on Thursday, May 26. The membership warehouse retailer delivered another quarter of double-digit sales increases as consumers looked for more bang for their buck.
The coronavirus pandemic has created supply-chain bottlenecks worldwide. Decreasing supply, coupled with robust consumer demand, has brought about rising inflation. Costco has a reputation for providing quality at an excellent value -- a feature that is paying off in the current economic backdrop.
Let's look closer at Costco's Q3 results.
Source Fool.com
