Costco’s Profit Miss Reflects Broader Retail Concerns
Target and Home Depot Also Express Economic Uncertainty
U.S. consumer confidence declined in February by the most since August 2021 on concerns about inflation, tariffs and employment. (Angus Mordant/Bloomberg News)
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Costco Wholesale Corp. slipped in late trading after the big-box retailer posted profit that missed Wall Street’s expectations.
The company ranks No. 47 on the Transport Topics Top 100 list of the largest private carriers in North America.
The company’s earnings of $4.02 per share during the fiscal quarter ended Feb. 16 missed the average estimate of $4.11 compiled by Bloomberg.
Costco’s shares fell 1.3% as of 4:33 p.m. March 6 after regular trading in New York. The company’s executives are scheduled to speak in a conference call later in the day.
Retailers have taken a more cautious outlook in recent weeks. Target Corp. said that some goods like fresh produce could get more expensive soon, while cautioning it’s too early to predict when prices would change at its own stores. Home Depot Inc. and Lowe’s Cos. said that they are not anticipating a notable shift with interest rates or the broader housing market.
U.S. consumer confidence declined in February by the most since August 2021 on concerns about inflation, tariffs and employment.
Costco Q2 2025 Earnings Report
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