Reported 3 months ago
Costco Wholesale reported third-quarter revenue that fell below analyst expectations, prompting the company to adjust its supply chain to mitigate the effects of U.S. tariffs. Unlike larger competitor Walmart, Costco stated that raising prices would be a last resort. Despite challenges from reduced consumer sentiment and rising costs, the company saw an 8% increase in same-store sales and reported quarterly revenue of $61.96 billion, but this was below the anticipated $63.19 billion. Still, Costco's private label products and bulk buying trends contributed to a slight earnings beat.
Source: YAHOO