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After a Lackluster Earnings Report, Is Now the Time to Buy Costco Stock?

After a Lackluster Earnings Report, Is Now the Time to Buy Costco Stock?

Costco Wholesale (NASDAQ: COST) is often adept at increasing its sales, even under more challenging economic conditions. In its fiscal 2023's third quarter (ended May 7), comparable sales rose by only 0.3%, and that included modest declines in both the U.S. and Canada. As recently as last year, Costco's results seemed immune to high inflation and slow economic growth.