Costco earnings: Wage inflation continues to be an issue, analyst says

📆 26/09/2023 22:02:00
📰 YahooFinanceCA

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Costco Wholesale's (COST) fourth quarter earnings beat analyst estimates on both the top and bottom lines. CFRA Analyst Arun Sundaram says that though gross margins have improved, 'wage inflation seems to be a continued issue.' When it comes to speculation over whether the warehouse club retailer will raise its membership fees, Sundaram says he's been anticipating one, and now that inflation is coming down, he thinks we could see an increase announced by the end of the year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Tina Turner was a singer, songwriter and actress. Known as the "Queen of Rock 'n' Roll".Stock market today: Wall Street falls sharply as its September slump gets even worse

NEW YORK — Wall Street’s ugly September got even worse Tuesday, as a sharp drop for stocks brought them back to where they were in June. The S&P 500 tumbled 1.5% for its fifth loss in the last six days. The Dow Jones Industrial Average dropped 388 points, or 1.1%, and the Nasdaq composite lost 1.6%. September has brought a loss of 5.

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Costco Q4 earnings beat on both top & bottom linesCostco Wholesale (COST) reported better-than-expected fiscal fourth quarter results. Earnings of $4.86 per share was better than the $4.78 analysts were expecting. Revenue was $78.94 billion, topping estimates of $77.72 billion. Yahoo Finance Live breaks down the retailer's latest quarterly report. 
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Biden & Trump visit UAW strikes, Costco earnings: What To WatchPresident Biden and Former President Trump plan to visit United Auto Workers (UAW) picket lines this week to join the union's strike against Big Three automakers Ford (F), General Motors (GM), and Stellantis (STLA). Costco (COST) is set to report earnings on Tuesday. Lastly, the consumer confidence index for September is expected tomorrow morning. Yahoo Finance Live co-host Jared Blikre details the top stories and economic data investors should watch for tomorrow, Tuesday, September 26. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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