Costco Earnings Show A Consumer Increasingly Under Stress

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Good morning!

I know we all love AI for summarizing, but every now and then I encourage all investors to read a full earnings call transcript to get all the juicy tidbits. I did that with Costco on Friday, and it was the most insightful report I’ve read in a while, second to my favorite economic report, The Beige Book. 

Costco is my favorite retailer, and before you wonder, yes, there’s a Costco in NYC that I frequent. I think its warehouse club business m...

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