Costco Warns of Continued Price Pressures Amid Inflation
Costco Wholesale Corp. reported mixed second-quarter results, with shares slipping after hours on Thursday. The membership warehouse retailer warned that shoppers could remain “choiceful” as they navigate higher prices and tariffs. CEO Brad Smith said in a statement, “When it rains, it rains on everyone.” This cautionary tone was echoed by the company’s quarterly earnings … Read more