Business

Costco Misses Earnings and Revenue Expectations

By Lola Doyle
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Lola Doyle

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https://www.barrons.com/articles/costco-stock-cost-earnings-results-51670536657

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Costco Wholesale got a sluggish start to its new fiscal year, missing earnings and revenue expectations and sending the stock lower in after-hours trading on Thursday.

Investors had been wary headed into Costco ‘s (ticker: COST) first-quarter earnings print after a weaker-than-expected November sales report that surprised investors last week. The results released Thursday amplified those concerns.

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