It seems that whatever the consumer mood is in the United States, Costco Wholesale can figure out how to thrive in it.
Last week, Costco reported a 5.8% increase in U.S. sales last quarter despite consumers feeling uncertain about the economy and looking for ways to fight the ongoing impact of inflation. The strong results sent Costco shares past the $1,000 mark to hit an all-time high. (On Monday, shares had traded down just a bit but were still hovering near that high-water mark.)
