Short-term market fluctuations can be stressful, there's no doubt about that. The good news is, long-term investors are in a better position to weather these storms.
Costco Wholesale (COST 0.39%) has been very successful at building a strong brand that continues to resonate with its customers. Whether people are looking for a good deal on electronics, shopping for back-to-school clothes, or buying groceries, Costco's discount warehouses are a popular destination.
It's been an excellent summer for the broader stock market, with the major indexes hovering around all-time highs and strong earnings from many top companies.
Most retailers are open to anyone who wishes to walk in and buy stuff. Costco Wholesale (COST 0.92%) limits access to its stores to people who have paid a membership fee.
After years of big stock gains through the pandemic and the price increases that followed, Costco Wholesale Corp. has faced concerns about stalling momentum.
Costco on Wednesday reported $20.89 billion in sales through the “retail month” of July, or the four weeks that ended on Aug. 3. That marked an 8.5% year-over-year gain.
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