Shares of Costco Fall After Mixed Earnings and Warnings About Tariffs
Shares of Costco (NASDAQ: COST) traded 6.4% lower, as of 10:14 a.m. ET, after the large membership retailer reported mixed earnings results. Management also made comments about the impact of tariffs on its business and the retail sector as a whole.Costco reported earnings per share of $4.02 for its second fiscal quarter of 2025, missing Wall Street analyst estimates by $0.09. Revenue came in at $63.7 billion, beating estimates of $63.13 billion.On the earnings call, management said that roughly one-third of Costco's sales in the U.S. are imported, and less than half of that number are products from China, Mexico and Canada. Management further said that while the situation continues to evolve rapidly, it will work hard to lessen the impact of higher prices on its customers.Continue reading
Shares of Costco (NASDAQ: COST) traded 6.4% lower, as of 10:14 a.m. ET, after the large membership retailer reported mixed earnings results. Management also made comments about the impact of tariffs on its business and the retail sector as a whole.
Costco reported earnings per share of $4.02 for its second fiscal quarter of 2025, missing Wall Street analyst estimates by $0.09. Revenue came in at $63.7 billion, beating estimates of $63.13 billion.
On the earnings call, management said that roughly one-third of Costco's sales in the U.S. are imported, and less than half of that number are products from China, Mexico and Canada. Management further said that while the situation continues to evolve rapidly, it will work hard to lessen the impact of higher prices on its customers.
