Take 3 Guesses: What's Fueling Costco's Growth This Year?
Costco Wholesale Corporation (NASDAQ: COST) operates the second-biggest warehouse club retail chain in America -- but it publishes some of the shortest earnings reports on the planet. Its Q3 2022 earnings release, for example, was less than 200 words of text and a few financial charts. (For comparison, this article will be twice as long).
Even such a short report was long enough to make one thing clear: 28% of Costco's sales growth this past quarter came from the sky-high price of gasoline.
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Source Fool.com
