How Costco Beat the Supply Chain Backup in the Second Quarter
Costco Wholesale (NASDAQ: COST) posted another phenomenal earnings report for the fiscal second quarter (which ended Feb. 13). Its sales growth is still elevated from pre-pandemic levels despite inflation and supply chain disruptions, and profits soared despite cost and wage increases. How does Costco do it?
Costco operates 828 global warehouses, 572 of which are located in the U.S. It offers some of the lowest prices on the market at razor-thin margins, but it makes up for that on its income statement with its huge volume.
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Source Fool.com
