Costco’s 82.9 million memberships and 92.2% renewal rate underscore resilience amid broader market declines.
Costco (NASDAQ: COST) remains a standout as major indexes fall 2% to 5% this week, with shares trading near $1,000. The retailer’s recession-resistant model attracts investors seeking stability in volatile markets.
The company serves 149 million cardholders through 82.9 million paid memberships, boasting a 92.2% renewal rate in the U.S. and Canada. Despite a membership fee hike two years ago, loyalty persists, driven by bulk discounts and a record 3% net margin.
Analysts highlight Costco’s ability to thrive in both strong and weak economic conditions, making it a preferred choice for risk-averse investors.