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Stock impact report

Higher gas prices could spell recession risks to some US consumers [Yahoo! Finance]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Citi Director of retailing/broadlines & hardlines Steven Zaccone comes on Market Catalysts to discuss how gas price pressures are hitting both all-tiers of US consumers. Video Transcript Speaker A this demand destruction that could fall out from gas prices. How concerned are you and who could this hit the hardest? Steve You know, I think demand destruction in the near term would be most pronounced lower income consumer customers, right? Like that's where a larger percentage of your wallet goes towards gas. Um I think the the second thing that was a was discussed there previously was, you know, higher diesel costs, right? And we've been talking to a lot of our management teams, talking to investors. Steve I think the concern in the, you know, over the next one to two quarters is, you see higher freight costs trickle through the P&L. What does that do to inflation? That also gets passed on to the consumer. So it's, you know, it's a slight concern right now what we're seei Show less Read more
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