Costco Reports Q3 Revenue Growth of 12%, but Stock Falls Amid Disappointing Comparable Sales
Despite a 12% year-over-year revenue increase driven by higher gas sales, Costco's stock declined over 6% in the past month due to weaker-than-expected comparable store growth. The company reported a same-store sales growth rate of 6.6%, below analyst expectations.
Tickers: $COST
Topics: consumer behavior gas sales impact revenue