Why is Costco stock COST down today: Costco stock price today: Why COST shares are falling despite strong quarterly sales
Costco stock: Costco shares slipped on Thursday despite the retailer posting stronger quarterly sales growth than its warehouse club competitors. While the company outperformed Wall Street expectations for the fiscal fourth quarter, investors appeared more focused on signs that Costco’s sales momentum is slowing, as per a report.
Costco Stock Today Slips Despite Stronger Quarterly Sales Growth
For the quarter ending November 30, Costco reported a 6.4% increase in comparable sales, including 5.9% growth in the US, as per a MarketWatch report. Both figures topped analyst estimates, which called for 6% overall growth and 5.3% in the US, as per FactSet data.
The results also outpaced comparable sales growth reported by rivals BJ’s…
