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COST stock falls on earnings and tariff threats, but Costco is still opening 12 new U.S. stores this year
Shares of Costco (COST) fell more than 7% in midday trading on Friday after the wholesale retailer reported mixed second-quarter earnings results, missing profit estimates but beating on revenue, as the company braces for the impact of tariffs and inflation on consumer spending. “The tariffs are very fluid right now, so it’s hard to give any predictions about what we can do, but our people are well-equipped to deal with anything coming our way, …
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