Costco (COST 1.01%) isn't playing the same game as its retail partners. The company's membership business not only keeps customers coming back, it means Costco can offer lower prices than its competitors...forever.

In this video, Travis Hoium shows how Costco's business model has become its greatest advantage.

*Stock prices used were end-of-day prices of Jan. 29, 2024. The video was published on Jan. 30, 2024.