This article proved prescient based on figures released on 5/6 April 2023b by Costco
Costco global same-store sales were -1.1% in March, the first time sales had fallen since April 2020. This breaks down as US -1.5%, Canada -2.4%, International +2.0%. E-commerce comparable sales were a very disappointing -12.7%.
This article proved prescient based on figures released on 5/6 April 2023b by Costco
Costco global same-store sales were -1.1% in March, the first time sales had fallen since April 2020. This breaks down as US -1.5%, Canada -2.4%, International +2.0%. E-commerce comparable sales were a very disappointing -12.7%.
Costco stock fell 2.2% on this news.