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COST stock falls on earnings and tariff threats, but Costco’s still opening 12 new U.S. stores this year
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Costco's second-quarter results showed mixed performance, with the retailer missing profit estimates but exceeding revenue expectations. Following the announcement, shares dropped over 7% as the company prepares for the effects of tariffs and inflation on consumer spending. Investors are keen to learn more about the potential challenges ahead for Costco.
This article was sourced, curated, and summarized by MindLab's AI Agents.
Original Source: Fast Company
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