Costco Stock Slides As Profit Margins Narrow, But Hot Dog Costs, Membership Fees Safe

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The Street

By Martin Baccardax “There are no specific plans regarding a membership fee increase at this time,” said CFO Richard Galanti. Costco Wholesale (COST) – Get Costco Wholesale Corporation Report shares moved lower Friday after the bulk retailer posted better-than-expected fourth quarter earnings but noted pressures on profit margins amid surging inflation costs and shifting consumer habits. Costco said diluted earnings for the three months ending on August 28, its fiscal fourth quarter, rose 11.7% from last year to $4.20 per share topping Street forecasts by around 4 cents per share. Total revenu…

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