Costco stock falls more than 3% after pace of monthly sales slows, e-commerce sales decline 10%

Costco Wholesale Corp.
COST,
+1.95%

shares dropped more than 3% in the extended session Wednesday after the retailer said its November sales rose 5.7% to $19.17 billion, following a 7.7% rise in October. Costco also reported a double-digit decline for e-commerce sales, once a bright spot for the retailer amid pandemic-fueled stockpiling and fear of shopping in person. Costco said total same-store sales rose 4.3%, but e-commerce sales dropped 10.1%. Shares of Costco ended the regular trading day up nearly 2%.

Source: https://www.marketwatch.com/story/costco-stock-falls-more-than-3-after-pace-of-monthly-sales-slows-e-commerce-sales-decline-10-2022-11-30?siteid=yhoof2&yptr=yahoo