Should You Buy Costco Before Sept. 25?
Costco Wholesale Corp (NASDAQ: COST) has proven itself to be a winner for both shoppers -- helping them to save money -- and investors -- helping them to make money -- over time. The company is known for its $1.50 hotdogs, $5 rotisserie chicken, and a wide variety of grocery and general merchandise sold for rock bottom prices. Costco's earnings have soared into the billions of dollars, and the stock price has followed, advancing about 180% over the past five years.
Like others in the retail space, though, Costco has faced a challenge this year, and that's President Donald Trump's tariffs on imports. Retailers generally source various products abroad, meaning they're responsible for paying tariffs as these imports enter the U.S. Costco spoke of its strategy in its most recent earnings report, back in May, and has made significant efforts to minimize tariff pressure -- for example, sending foreign-produced goods to non-U.S. stores and sourcing more items locally. Investors will be monitoring how this impacts revenue in the months and quarters to come.
And that's why Costco's next earnings report could be a key moment for the company and investors. Considering Costco's successes so far -- pre-tariffs and during today's tariff environment -- should you buy the stock before the Sept. 25 report? Let's find out.
Source Fool.com
