Here's Why Costco Will Be a Coronavirus Winner
Clearly, Costco Wholesale (NASDAQ: COST) has experienced a sales spike due to the coronavirus pandemic that will continue for weeks, maybe months, and produce very strong earnings while many other companies suffer. The company has acknowledged the strong sales, and has taken measures to make sure it can safely serve as many of its members as possible.
That's the short-term story for the brand. It's good news in a nation facing overwhelmingly bad news -- a bright spot for investors in a sea of declining stocks. In the long run, however, the warehouse club may experience lasting benefits from its response to the coronavirus pandemic.
Image source: Costco.
Source Fool.com
