Club holding Costco is set to report a surge in fiscal fourth-quarter earnings after the closing bell on Thursday, despite a barrage of macroeconomic headwinds. The retail sector has been weighed down this year by stubbornly high inflation, which has eaten away at profit margins and increased labor and input costs. But Costco has proved resilient — and we've long held it is the best-run retailer in the world. Costco's earnings-per-share are expected to be $4.17 on revenue of $72.
The company's goal is to partner with vendors to mitigate price increases, helped by Costco's high-volume business with its suppliers. Above all, Costco CEO Craig Jelinek thinks of the retailer as the "price police," he said in an interview with Jim Cramer last week . More broadly, Jelinek thinks commodity inflation has been slowing and overall inflation has peaked. "I think you're going to see maybe another six-months-to-a year, things will start to come down.
Should be used to it by now lol