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Costco Tops Sales Views But Earnings, Membership Numbers Fall Short
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Costco topped revenue forecasts late Thursday, bolstered by higher comparable sales and membership fee income. But earnings for the wholesaler came in below estimates. The report lands amid growing concerns that higher fuel prices and inflation pressures could be stifling consumer spending. Retailers Target (TGT) and Walmart (WMT) earlier this month reported "resilient" consumer spending, partially bolstered by tax refunds…
