News-News.Zip

News in English (USA) / 30.05.2025 / 03:00

Costco Reports Mixed Earnings Amidst Consumer Caution

Costco has released its latest earnings results, with net sales hitting $62 billion and a profit that exceeded estimates, showcasing resilience in a challenging economic environment marked by reduced consumer spending. Despite an 8% increase in total company adjusted comparable sales and solid performance in grocery segments, revenue fell short of expectations, leading to a dip in stock prices. Analysts express a mix of optimism and caution, as the company defies tariff volatility that affects many retailers. Looking ahead, Costco has indicated it will not raise prices yet, aiming to maintain consumer trust amidst ongoing economic uncertainties.
CNBC, MarketWatch, "Barrons", Reuters, Yahoo Finance, Bloomberg, "Investors Business Daily", Honolulu Star-Advertiser, Seeking Alpha, Supermarket News