Costco Thrives as Budget-Conscious Consumers Shift Spending

Costco is winning as Americans feeling the pinch from rising prices flock to the warehouse giant for budget-friendly basics, boosting revenue to $86.16 billion and beating estimates while other retailers struggle; despite the positive results, Costco's stock remained stable, reflecting a cautious investor sentiment amid shifting consumer spending habits. Hosted on Acast. See acast.com/privacy for more information.