Costco is famous for two things: cheap hotdogs and a membership model with subscription fees. The cost of the hotdog might be staying put but the membership fees aren’t, with Costco hiking the fees for the first time in years. That’s grabbing all the headlines right now, but there’s far more to the story. With such a strong run in the share price, is it overcooked? Or is the current valuation justified?
Use the podcast player below to listen to our discussion on Sysco and its Q4’22 result, which accompanies the detailed write-up below: (Date of report: 17 August 2022) Sysco is a company you’ve likely never heard of unless you have friends in the restaurant industry in the US. This is effectively the Bidcorp equivalent in America, delivered at grand scale and with a powerful track record of value creation. It’s rare to see an executive team talking about repositioning for growth while maintaining dividend aristocrat status. That tells you most of what you need to know about Sysco’s business. To whet [...]
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