If You Put $10,000 Into Costco Stock Last January, Here's How Much You'd Have Now
Warehouse retailer Costco Wholesale (NASDAQ: COST) certainly had an interesting year in 2020. Consumers turned to the well-respected bulk goods vendor time after time when COVID-19 guidelines led to fewer shopping trips with larger purchases per visit. Costco ended the first quarter of fiscal year 2021 with 107 million cardholders, up 7.2% from the year-ago reading.
The spring was still difficult because Costco had to adjust its operations to ameliorate the incoming health crisis, just like everybody else. The big earnings surprises came in the summer and autumn reports, giving Costco's share prices two dramatic lifts.
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Source Fool.com