Costco Inventory Slides On Muted November Gross sales Forward Of Q1 Earnings


Costco Wholesale  (COST) – Get Free Report shares moved decrease Thursday after the bulk-discount retailer reported weaker-than-expected November gross sales amid what could possibly be a broader pullback in shopper spending over the ultimate months of the yr. 

Costco stated gross sales for the 4 weeks ending on November 27, which included Black Friday, rose 5.7% from final yr to $19.17 billion, a sharply slower fee than the 7.7% tempo recorded over the month of October and the ten.1% advance the group booked in September.

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