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Stockreport

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

Costco Wholesale Corporation (COST)  More Company Research Source: Yahoo! Finance
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
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 [Read more]
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Stockreport

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

Costco Wholesale Corporation  (COST) 
More Company Research Source: Yahoo! Finance
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
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 [Read more]
IMPACT SNAPSHOT
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COST
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Price Change %
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Volume Ratio
%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
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TICKS
AVG SHARES PER TRADE
EVENT DAY
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PERFORMANCE SINCE EVENT
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