3 Reasons Costco Stock Deserves to Trade at a Sky-High Valuation

For a brick-and-mortar retailer as massive as Costco, generating consistent top-line growth is no easy feat. At least it shouldn't be. But Costco makes it look easy anyway. The company routinely posts impressive comparable-store sales metrics, demonstrating that its core value proposition continues to resonate with consumers. During the fiscal second quarter, total company comparable sales increased 7.4% year over year. And when stripping out the impacts of gasoline prices and foreign exchange rates, compar ...