Investors are closely watching Yahoo Finance Company of the Year Costco as it is set to report its fiscal first-quarter earnings Thursday after the market close.
Costco is coming off cooling sales in November as shoppers spend more cautiously amid news of increasing layoffs and stubbornly high inflation. The retail giant’s same-store sales growth cooled vs. October, the company reported on Nov. 30.
Costco stock subsequently sold off — it is down more than 7% in December — as investors…
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