Costco: Sales of Discretionary Items Rise as Inflation Levels Off
COSTCostco(COST) PYMNTS.com·2024-05-31 10:53

Discretionary items are back on consumers’ shopping lists, Costco said Thursday (May 30) during its quarterly earnings report. During the quarter ended May 12, the retailer saw toys, tires, lawn and garden, and health and beauty aids lead growth in the non-foods category. “As inflation has leveled off, our members are returning to purchasing more discretionary items,” Gary Millerchip, executive vice president and chief financial officer at Costco, said during the company’s quarterly earnings call. As was th ...