Costco (COST) Stellar Comps Aiding Stock's Run On Bourses
Zacks Investment Research | Aug 20, 2019 08:47AM ET
Costco Wholesale Corporation (NASDAQ:COST) has been able to create a niche for itself in the ever-evolving retail landscape on the back of growth strategies, better price management, strong membership trends and increasing penetration of e-commerce business. Moreover, favorable job scenario, rising wages and improved consumer sentiment are other important factors. In fact, these factors collectively have aided the company in sustaining impressive comparable sales (comps) run.
Definitely, Costco’s stellar comps trend is shaping this Zacks Rank #3 (Hold) stock’s bullish run on the bourses. Shares of this Issaquah, WA-based company have surged 35.3% so far in the year, comfortably outpacing the Zacks Investment Research
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