Costco CEO’s cautious consumer outlook justifies our near-term view on the stock

A shopper wearing a protective mask looks at a television for sale inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021.

David Paul Morris | Bloomberg | Getty Images

Craig Jelinek, chief executive officer of Club holding Costco (COST), said Monday he sees a more-vigilant consumer this holiday shopping season and potentially beyond. However, he also said inflation is generally trending in the right direction, a development that’s good for the U.S. economy over the long term.

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