Here's Why Costco Can Continue Its Growth Streak
Costco Wholesale (NASDAQ: COST) capped off fiscal 2021 on a high note, with fourth-quarter revenue rising 17.4% year over year. This increase is well above the consistent high-single-digit growth that Costco delivered before the pandemic.
Costco's membership renewal rates are trending up despite supply issues impacting the retail industry, as consumers seek more value in this inflationary and unpredictable environment. As a result, this deal rush could point to sustained demand in the near term. The only problem is whether Costco can keep the shelves stocked amid supply shortages to meet shoppers' demand through the holidays.
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Source Fool.com
