Top 5 Hearing Aid Companies and Brands in the World

1. Costco Wholesale Corporation (NASDAQ:COST)

Annual revenue: $195.9 billion

Costco Wholesale Corporation (NASDAQ:COST) maintains a global network of membership warehouses. It sells branded and private-label stuff in a variety of merchandise categories. Costco Hearing Aid centers is a member-based hearing center service that offers free hearing tests, hearing aid cleanings, and low prices on high-quality hearing aids. Hearing aid options available at Costco include open-fit, behind-the-ear, in-the-ear, canal-fit, and custom-molded devices. Costco Wholesale Corporation (NASDAQ:COST)’s revenue during the fiscal year 2021 was reported at $195.9 billion.

Cooper Investors shared its outlook on Costco Wholesale Corporation (NASDAQ:COST) in its Q3 2022 investor letter. Here’s what the firm said:

The US economy continues to run hot – the labour market is extremely tight and a number of executives we spoke to described their challenges in retaining staff and preventing competitors from poaching talent. Industrial companies in particular continue to see record backlogs, with the easing of logistics and supply chain constraints only just starting to have an impact on deliveries and lead times.

In terms of inflationary pressures, the vast majority of our holdings have been able to leverage strong market positions and stakeholder relationships to push pricing through in 2022 such that minimal impact to earnings has occurred. Clearly this is not a lever than can be pulled indefinitely but the more experienced management teams have kept some of their powder dry. Our meeting with management at Costco in Seattle was memorable for several reasons but one was their latent ability to increase member pricing which they have not done in over 5 years (and thus likely to do in 2023)…

…To conclude we’ll return to our meeting with Costco mentioned earlier. The business quality is no secret after decades of incredible execution, but the meeting gave us renewed conviction around Value Latencies in terms of the runway for growth, the focus on enhancing customer value, Costco’s vast buying power (it purchases 30% of the world’s jumbo cashews as one example) and management’s feral focus on the business model and cost discipline.

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