Costco Stock Slides On Muted November Sales Ahead Of Q1 Earnings

Costco Wholesale  (COST) – Get Free Report shares moved lower Thursday after the bulk-discount retailer reported weaker-than-expected November sales amid what could be a broader pullback in consumer spending over the final months of the year. 

Costco said sales for the four weeks ending on November 27, which included Black Friday, rose 5.7% from last year to $19.17 billion, a sharply slower rate than the 7.7% pace recorded over the month of October and the 10.1% advance the group booked in September.

Source: https://www.thestreet.com/markets/costco-stock-slides-on-muted-november-sales-ahead-of-q1-earnings?puc=yahoo&cm_ven=YAHOO&yptr=yahoo