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- Costco reported a 10.6% year-over-year sales increase to $29.4 billion in June, falling slightly below expectations.
- U.S. comparable sales, excluding gasoline, rose 7.6%, a slowdown from May's 8.7%.
- Shares dropped over 4% as consumer concerns about inflation and economic uncertainty weigh on spending.
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Costco reported a 10.6% year-over-year sales increase to $29.4 billion in June, falling slightly below expectations. U.S. comparable sales, excluding gasoline, rose 7.6%, a slowdown from May's 8.7%. Shares dropped over 4% as consumer concerns about inflation and economic uncertainty weigh on spending.
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This article was originally published by CNBC.
