COST stock falls on earnings and tariff threats, but Costco is still opening 12 new U.S. stores this year
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Costco's stock (COST) dropped over 7% following mixed Q2 earnings, with profit estimates missed but revenue exceeded. The company is concerned about tariffs and inflation affecting consumer spending, yet plans to open 12 new U.S. stores this year.
March 08, 2025 | 11:00 am
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Costco's stock fell over 7% due to mixed Q2 earnings, missing profit estimates but beating revenue. Concerns over tariffs and inflation impacting consumer spending are present, but Costco plans to open 12 new U.S. stores this year.
The stock price drop is attributed to mixed earnings results, with profit estimates missed, which is a negative indicator for investors. The impact of tariffs and inflation on consumer spending adds to the negative sentiment. However, the plan to open new stores shows growth potential, slightly mitigating the negative impact.
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