Friday, 10 December 2021 18:33

Earnings Results: Costco boosts inflation estimate for 3rd-straight quarter, says some inventory ‘won’t make it before Christmas’

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Shares of Costco Wholesale Corp. charged higher Friday into record territory, after the membership-based warehouse retail giant reported better-than-expected earnings, even as inflation and supply chain issues continued to take a bigger bite out of its results.

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