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Stock impact report

TheStreet Daily Newsletter [TheStreet.com]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: TheStreet.com
The Vericast 2024 Restaurant Survey found that two-thirds (67%) of the respondents said that increased costs are making restaurant dining too expensive. That's up from 64% last year. While both grocery and restaurant prices continue to rise even as overall inflation slows, the study said that restaurant prices are climbing at a much higher rate than groceries – 5.1% annually compared with 1.2%. Sixty-eight percent of the survey respondents are trading down from restaurant meals to food from the grocery store to avoid the rising costs, with more than 71% of Gen Z and millennials doing that very thing. Columnist notes 'vibrant sales report' “The steadily increasing cost of dining out is testing the limits of what consumers can and will spend,” Dana Baggett, executive director of the Restaurant Division at Vericast, said in a statement . “There's a noticeable decrease in consumers dining out, especially with consumers that have a household income under $75,000.” Baggett said t Show less Read more
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