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Costco Wholesale Corp. posted higher-than-expected profit, a sign that spending is staying robust despite persistent cost pressures.
The big-box retailer reported earnings of $5.29 per share during the quarter ended Sept. 1, higher than the average estimate of Wall Street analysts. The shares slipped in late trading. The stock has risen 37% year-to-date through Thursday’s close.
https://fortune.com/img-assets/wp-content/uploads/2024/09/GettyImages-2161665709-e1727384395649.jpg?resize=1200,600
https://fortune.com/2024/09/26/costco-profits-beat-wall-street-expectations/
Jaewon Kang, Bloomberg
