Why Costco Stock Fell Today
The retail giant's sales are slowing.
Overview
Shares of Costco Wholesale (NASDAQ: COST) declined on Thursday following the release of the discount chain's June sales metrics.
Image source: The Motley Fool.
Costco's net sales climbed 10.6% year over year to $29.24 billion for the five weeks ended July 5. The company's comparable sales, which include revenue from locations open for more than a year, increased 8.8%.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.