Costco Sells Everything From Gas to Gold Bars. But It Gets 73% of Its Profit From Somewhere You Wouldn't Expect.
Costco Wholesale (NASDAQ: COST) has become one of the world's most successful retailers. Shareholders have reaped huge rewards over time, as Costco stock has soared 72,600% since going public in the early 1980s.
A big part of Costco's popularity has come from the fact that you can get just about anything you want there. The warehouse retailer is probably best known for its cost-conscious rotisserie chickens and hot dog meals. Customers also like to stock up on essentials like toilet paper while they're shopping, and the company's outside gas stations offer an inexpensive way to fuel up after making the drive.
Yet much of the fun of shopping at Costco comes from the wide assortment of product releases you'll find. Everything from furniture to gold bullion is finding a place online and on warehouse floors.
Source Fool.com
