Costco (NASDAQ: COST) and Unilever (NYSE: UL) were both well-insulated from the COVID-19 pandemic this year. Shoppers stocked up on more essentials at big retailers like Costco, and that trend boosted demand for Unilever’s consumer brands.
Costco’s stock has risen about 25% this year, driven by its accelerating sales growth, as Unilever’s stock has risen just 3%. But will Costco continue to outperform Unilever next year after the pandemic ends?
Costco ended the first quarter with 803 warehouses worldwide, up from 785 warehouses a year earlier. It’s one of the few retailers that has continued to open new stores throughout the pandemic.