5 High Growth Retail Stocks That Are Profitable

4. MercadoLibre, Inc. (NASDAQ:MELI)

Revenue Growth YOY: 49.06%

MercadoLibre, Inc. (NASDAQ:MELI) is an Argentinian company that operates one of the largest e-commerce marketplaces in Latin America. The marketplace allows merchants to set up their digital stores where they connect with customers to conduct business in a fixed-price or auction format. In addition, MercadoLibre, Inc. (NASDAQ:MELI) provides advertisement services to brands to market their services and products online. MercadoLibre, Inc. (NASDAQ:MELI) also operates several complementary businesses, including Mercado Envios, Mercado Pago, Mercado Clic, and Mercado Shops.

On February 23, 2023, MercadoLibre, Inc. (NASDAQ:MELI) announced its fourth-quarter 2022 results. The company reported a revenue of $3.00 billion, surpassing market estimates by $37.27 million. The Normalized EPS stood at $3.25, exceeding market expectations by $0.76.