Costco (NASDAQ:COST) isn't growing like it used to. The warehouse giant reported a comparable sales improvement of just 3% for the quarter that just closed -- well below the 7% figure it notched last year.
In the video below, Fool contributor Demitrios Kalogeropoulos puts that slowdown in perspective, noting that Costco is still outgrowing rival retailers Wal-Mart (NYSE:WMT) and Target (NYSE:TGT). Costco's profitability also bucked the retailing trend by actually ticking higher in the third quarter, meaning that it didn't have to resort to markdowns to keep those customer traffic levels healthy. Together, Costco's sales and profit growth point to continued momentum heading into what will be a record year of store expansions for the retailer.
Fool contributor Demitrios Kalogeropoulos owns shares of Costco Wholesale. The Motley Fool recommends Costco Wholesale. The Motley Fool owns shares of Costco Wholesale. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.