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Costco earnings beat estimates as consumers seek out value

Costco Wholesale earnings met Wall Street expectations after concerns tariffs and inflation would lead to consumer pullback and impact the retailer’s earnings. The grocery chain reported an earnings per share of 5.87onarevenueof5.87 on a revenue of 86.16 billion after the bell on Thursday for its fiscal fourth quarter earnings . Costco’s net sales rose 8% to 84.4billioncomparedto84.4 billion compared to 78.2 billion in net sales during the same quarter last year. Comparable sales in the U.S. last quarter increased 6% on an adjusted basi ...