Costco Gets a Boost as Impact of Last-In, First-Out Accounting Fades

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Costco is seeing a slight decline in inflation, according to the retailer’s finance chief.

Photo: Patrick T. Fallon/Bloomberg News

With inflation stuck at high levels, some U.S. companies’ use of an accounting method that lowers their federal tax bill has  .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} increased costs and hit earnings . But for retail giant Costco Wholesale Corp., it is a different story.

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.css-mbn33i-AuthorLink{color:var(--interactive-text-color);font-style:var(--font-style-italic);}.css-mbn33i-AuthorLink:hover{-webkit-text-decoration:none;text-decoration:none;} Jennifer Williams-Alvarez .css-kx7fw8-FollowButton{display:inline;margin:0 8px;}.css-kx7fw8-FollowButton ufc-follow-author-widget:not(.hydrated){display:inline-block;width:60px;} Share. Resize. Listen. (2 min) Costco is seeing a slight decline in inflation, according to the retailer’s finance chief. Photo: Patrick T. Fallon/Bloomberg News. With inflation stuck at high levels, some U.S. companies’ use of an accounting method that lowers their federal tax bill has  .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} increased costs and hit earnings . But for retail giant Costco Wholesale Corp., it is a different story. Copyright © 2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8. Continue reading your article with a WSJ subscription. Subscribe Now. Already a subscriber? .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;} Sign In. GoPro : GoPro Promo Code: 15% Off Next Order w/ Email Sign-Up. Samsung : Samsung promo code - Up to 40% off + free shipping. Dell : Dell Coupon Code: get 35% Off. Newegg : 10% Off Sitewide - Newegg Promo Code. KitchenAid : KitchenAid promo code: Get 30% Off first water filter + 20% Off refills this Memorial Day. GameStop : GameStop Promo Code: 30% Off Extra on clearance + 20% Off games.