Reported 1 day ago
Costco Wholesale Corp. reported better-than-expected earnings in the third quarter, reflecting its ability to navigate economic turbulence and tariffs while maintaining lower prices for its customers. With earnings per share of $4.28, the retailer's strategies, including shifting sourcing and managing prices item-by-item, have allowed it to remain profitable even as consumer spending patterns shift. Despite the challenges posed by fluctuating tariffs and rising costs, Costco's sales increased by 8% in the latest quarter, bolstered by strong performance in e-commerce and a loyal customer base.
Source: YAHOO