According to CFO Richard Galanti, Americans are trading down and opting for cheaper items in certain grocery categories.
“We’ve seen some of that now.”
Even so, Costco remains upbeat about its overall performance in the face of inflation and economic uncertainty.
Chris Shott/Eat This, Not That!
“Our negative is not as negative as others out there.”
Costco certainly isn’t the only chain to see consumers choosing cheaper options and looking for more deals.
Even at restaurants, the use of deals and discounts isup 8% year over year.
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