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Morgan Stanley warns S&P 500 set to wipe out year-to-date gains and slide 9% by end-2023, as macro environment deteriorates; stocks well-positioned to weather upcoming turbulence include Mondelez, AbbVie, McKesson, Domino's, Costco, Lowe's, Home Depot
Published: June 05, 2023 by Forbes
Costco CFO says changes in US consumer spending are similar to those felt during recessions of 2000 and 2008, point to possible recession; changes include buying cheaper meats, growth of company's own-brand Kirkland that is 'well above' previous levels
Published: June 02, 2023 by CE Noticias Financieras (Latin America)
Costco's net sales for four weeks ended May 28 up 1.2% year-over-year to US$18.45B • total comp sales down 0.3% • US down 1.5% • Canada up 0.5% • Other International up 5.5% • E-commerce down 7.6%
Published: June 01, 2023 by Costco Wholesale Corp.
UBS: Costco well positioned to meet consumer demand, shares underpriced as growth prospects support premium valuation; Q3 revenue, net income miss expectations but business model remains resilient, digital infrastructure supportive of eCommerce expansion
Published: May 31, 2023 by Proactive Investors
Costco is holding back on plans to hike up fees for its Gold Star members, even as inflation continues to depress consumer spending, impact sales; CFO says eventual raise will come at a time that will not meaningfully impact renewal rates or sign-ups
Published: May 30, 2023 by Retail Dive

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