Costco Beats Estimates as Sales Climb 8%, Citing Tariff Benefits
Costco’s quarterly earnings and revenue surpassed expectations, with sales climbing 8% year-over-year. The warehouse club retailer attributed its strong performance to tariff volatility, which benefits its bulk discounts and competitive prices. CEO Ron Vachris said Costco rushed shipments ahead of tariffs and rerouted goods from countries with higher tariffs to non-US markets. This strategy has … Read more