Can Costco Keep Hitting New Highs?
Costco Wholesale (NASDAQ: COST) has been a transformative player in the retail space. The company's low-margin business model works well because it's able to lure customers to pay for memberships in order to get access to its warehouse stores. That's a model that's been able to survive even as e-commerce growth has threatened other traditional brick-and-mortar retailers.
Costco is likely to release its fiscal fourth-quarter earnings report on Thursday, Oct. 3, and investors are anxiously looking forward to seeing how the warehouse retail giant has done during the summer months. The stock climbed to record levels over the past month, but some wonder whether the positive momentum that Costco has enjoyed is likely to continue amid rising uncertainty about the future of the economy.
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Source Fool.com
