Costco delivers a strong quarter, and we see two catalysts ahead

People enter and exit a Costco Wholesale store on March 26, 2023, in Bayonne, New Jersey. 

Gary Hershorn | Corbis News | Getty Images

Costco Wholesale (COST) delivered solid fiscal 2023 fourth-quarter results after the closing bell Tuesday, beating expectations on both the top and bottom lines and improving gross margins year over year. While many chains are struggling due to too much inventory, theft, and a weakening consumer, once again Costco showed off the power of its club membership model and provided additional proof that it’s the best-managed retailer in the United States.

link