Costco's in a Bind, but Here's Why It Could Be Cut Loose
Investors are beginning to see the impact of inflation and supply-chain headaches on earnings throughout the retail sector. Retail stalwarts like Walmart and Target reported significant drops in profitability due to increased costs on freight, labor, and supply-chain disruption.
Bulk retailer Costco Wholesale (NASDAQ: COST) reports in the coming days, and investors seemingly are pricing in bad news; the stock is down more than 20% over the past month.
Source Fool.com