The following video is from Thursday's Investor Beat, in which host Chris Hill and analysts Andy Cross and Matt Koppenheffer dissect the hardest-hitting investing stories of the day.
Shares of Costco (NASDAQ:COST) hit an all-time high on Thursday, after the retailer reported a 19% increase in third-quarter profits. Costco racked up strong sales in both its domestic and international stores. What's behind Costco's success? Will the retailer continue to be a big hit with investors? In this installment of Investor Beat, Andy and Matt discuss the future of Costco.
The relevant video segment can be found between 0:12 and 2:00.
Andy Cross, Chris Hill, and Matt Koppenheffer have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Costco Wholesale. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.