Company of the Year: Costco

Costco Wins Yahoo Finance's 2022 "Company of the Year" Award: In a year of eye-popping inflation for everything from gas to eggs hammering households, Costco played the role of trusted friend. The retail warehouse giant opted not to raise the cost of a membership even as rival Sam’s Club did. Costco served up some of the cheapest gas prices in town when prices at the pump were sizzling in the summer months. The company was often the last grocer to raise prices on household essentials despite biting price hikes from vendors. To top it off, the Issaquah, Washington based retailer kept the price of its legendary $1.50 hot dog intact and continued to offer employees among the best compensation packages in all of retail. For its efforts, Costco was rewarded with impressive sales gains seemingly every month of the year, a stock price that relatively out-performed the S&P 500 and Yahoo Finance’s coveted “Company of the Year” award.