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Costco Looks Good for Income Investors as Consumers Become More Frugal

Chris Versace

Rising U.S. gasoline prices and rising interest rates seem poised to sap consumer disposable income, meaning that many Americans will soon have to look for ways to stretch their budgets. The company has also been gaining consumer wallet share in a big way over the past several months. For example, same-store sales rose 7.9% year over year during April alone (excluding the impact of foreign exchange and rising gas prices).