Costco exec says some costs are falling and he sees a 'light at the end of the tunnel'

Quick Summary:

Costco's Chief Financial Officer Richard Galanti spoke extensively about inflationary pressures at the company's most recent earnings call.

Experts have predicted that it could take time for consumers to notice considerable price drops.

"At least we're seeing the things going — starting to go in the right direction," he said.

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Article Details

Category: Economy

Markets: United States

Topics: Retail Costco BI Select

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 18:32:18 (4 months ago)

News Timezone: GMT -5:00

Ranking: #484 (out of 2266 stories this day)

News Source URL: businessinsider.com

Language: English

Article Length: 346 words

Reading Time: 2 minutes read

Sentences: 41 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 498919

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