Major retail stocks, including Costco Wholesale (NASDAQ: COST), declined on Tuesday, July 26, after Walmart (WMT) lowered its fiscal second quarter and full-year guidance. While Costco might not hike its membership fees amid the ongoing macro challenges, Tarlowe is "encouraged" by the company’s narrative about gas, inventory, international, and in-store productivity initiatives, like self-checkout. Conclusion As evident by the recently reported June sales numbers, Costco continues to see strong top-line growth, with members taking advantage of the lower prices offered by the company amid an inflationary environment.