COST stock falls on earnings and tariff threats, but Costco is still opening 12 new U.S. stores this year

The wholesale retailer reported mixed second-quarter results, missing profit estimates but beating on revenue.

Shares of Costco (COST) fell more than 7% in midday trading on Friday after the wholesale retailer reported mixed second-quarter earnings results, missing profit estimates but beating on revenue, as the company braces for the impact of tariffs and inflation on consumer spending.