Yahoo TV What Costco's earnings are saying about the retail sector
Costco (COST) topped earnings and revenue estimates as other retailers are reporting weakness across the sector. Forrester Research Retail Analyst Sucharita Kodali joins Yahoo Finance Live to react to Costco's fourth-quarter earnings report and how it compares to the consumer narratives playing out in the larger retail space.
"Costco's business does tend to be fairly recession-proof, similar to other mass merchants like Walmart, in large part because when a consumer may have lower expectations for the future, they're going to fly to value," Kodali says. "Costco absolutely offers that."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
This post was written by Luke Carberry Mogan.
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