Costco Wholesale beat fourth-quarter revenue and profit estimates on Thursday, as Americans hunting for bargains flocked to the membership-only retail chain to snap up lower-priced essentials.

With household budgets under pressure due to rising inflation and a weakening labor market, consumers are increasingly seeking value, which has helped retailers such as Costco buck the broader industry slowdown.

The Trump administration’s trade policies have strained consumer wallets and left businesses scrambling to devise plans to mitigate tariffs.

Costco’s strategy of keeping limited product categories and focusing on local sourcing in regions such as the Asia Pacific and the U.S. has helped it better navigate the current environment and minimize the tariff impact.

“Being able to navigate tari

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