Costco (NASDAQ: COST) recently closed out its fiscal 2021 in impressive fashion. While Costco books nearly $200 billion in annual revenue, its more helpful to think of its business as a subscription club rather than a retailer. CFO Richard Galanti said part of that success can be pinned on automatic renewals, and on the increasing penetration of its premium, executive level membership tier.
Panicked shoppers have been clearing the shelves at Costco and other retailers.
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