Costco misses quarterly revenue expectations amid reduced consumer spending

The membership-only retail chain has taken a hit as hefty tariffs have fueled fears of a potential recession and price increases, pushing people to rethink their spending patterns. U.S. consumer sentiment slumped to a nearly three-year low in May, with one-year inflation expectations surging to levels last seen in late 1981. Costco's results come amidst an uncertain retail environment, with behemoth Walmart saying earlier this month it would have to raise prices to deal with tariffs even as it maintained its full-year forecast; on the other hand, Target  slashed its annual outlook but opted not to raise prices, calling it "the very last resort."

Raccontata dafinance.yahoo.com