Reported 2 days ago
Costco's stock declined after the retailer reported fiscal second-quarter earnings that missed expectations, indicating consumers are cautious about spending. Although revenue slightly exceeded forecasts at $63.72 billion, adjusted earnings per share of $4.02 fell short of the anticipated $4.11. The company faces challenges from inflation and potential tariffs, impacting sales in various markets, despite a notable 6.8% increase in same-store sales overall.
Source: YAHOO