Costco Profit, Revenue Better Than Expected

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And last but not least mega market. Costco recently reported earnings. How did they do? That's right. Hannah. So Costco reported better than expected profits and revenues in the latest quarter despite weaker sales of higher priced goods. So some evidence that consumers are pushing back. The company's CFO said stores in the US and internationally saw year on year increases in traffic that customers on average spent less per transaction. He added that sales of more expensive non food items dropped in the US and that lower gas prices also hurt the company's bottom line. Well, Costco also reports memberships up nearly 8% from a year ago. So at least more people signing up for the company.