Costco Continues to Easily Trump Tough Year-Ago Comps
This time last year, Costco (NASDAQ: COST) was still benefiting from a period of heightened food sales as people cooked more at home and stocked up on goods to cope with uncertainty amid the COVID-19 pandemic. This puts the wholesaler in a tough position this year, as its year-ago sales comparisons aren't easy.
But somehow Costco is still growing its sales rapidly, posting growth rates as if last year was just a typical year. The wholesaler's just-reported June sales reiterate Costco's exceptional momentum.
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Source Fool.com
