Costco exec says some costs are falling and he sees a 'light at the end of the tunnel'
When it comes to inflation, Costco Chief Financial Officer Richard Galanti is seeing a light at the end of the tunnel.
Cowen and Company analyst Oliver Chen asked specifically about the"light at the end of the tunnel," regarding the initial signs that inflationary pressures are weakening. He said that once freight and raw material costs started to decline, Costco was proactive about asking suppliers for price reductions.
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