Costco has delivered an outstanding result with a rise in net sales over the year. The renewal rates of the company are continuing to benefit from the auto-renewing of more members. Interestingly, Costco has an increased penetration of executive members who renew at a rate higher than non-executive members. Despite the increasing and ongoing inflationary pressures, the company has maintained gross margins well on account of price increases. The management now plans to expand its warehouse and ha ....
