A Costco Wholesale warehouse sign is seen outside a store in Silver Spring, Maryland, on Aug. 5, 2023.

Mandel Ngan | Afp | Getty Images

Costco Wholesale reported solid fiscal 2024 second-quarter results after Thursday’s closing bell, but the stock fell in extended trading due to a slight miss on sales and margins. Given their recent run-up, we would expect that pressure on shares to continue Friday. However, the quarter wasn’t thesis-changing to the powerful Costco business model that excels in all seasons.

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