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RE: LeoThread 2025-07-01 12:43

in LeoFinance3 months ago

Part 6/9:

Costco's strong fourth-quarter results did not translate to stock performance, attributed to a warning about "material weakness" in financial controls. Gross assured listeners that the issue, stemming from IT access to financial systems, should eventually be resolved without major consequences. He highlighted strong comparable sales growth, showcasing the strength of Costco's underlying business despite some operational vulnerabilities.

Earnings Surprises and Challenges