Reported 2 days ago
Costco's fiscal second quarter results showed adjusted earnings per share of $4.02, slightly below expectations, while revenue reached $63.72 billion, exceeding estimates. With cautious consumer spending influenced by inflation and potential tariffs, same-store sales grew by 6.8%. CEO Ron Vachris noted the ongoing challenges of the macro environment, but emphasized strong performance in key product categories and an agile response to tariffs, as the company seeks to maintain its value proposition for shoppers.
Source: YAHOO