2024-04-11 09:45:00 ET
Most investors are probably familiar with Costco Wholesale (NASDAQ: COST) . With fiscal 2023 net sales of $238 billion, it's the world's third-biggest retailer, behind only Walmart and Amazon . It's a consumer favorite thanks to its low prices.
This top retail stock has also been an investor favorite, producing a total return of 215% in the past five years. That trounces both the S&P 500 and the Nasdaq Composite . I'm sure Costco shares are on your investing radar. But before you rush to add the stock to your shopping cart, here are three must-know facts.
Costco's massive sales base is the key to its ongoing success. In other words, its scale makes up its competitive advantage.
For further details see:
3 Must-Know Facts About Costco Before You Buy the Stock