Costco ‘Recession Signal’ Goes Viral as Old CFO Remarks Resurface On Record Beef Prices
Reports claiming Costco issued a fresh recession warning have racked up a lot of chatter this weekend, but the quoted comments from former CFO Richard Galanti actually date back to a 2023 earnings call. Galanti made the comments during Costco’s May 2023 third-quarter earnings call. He flagged a shift away from beef toward cheaper proteins,...
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