Costco June Total Company Comparable Sales Down 1.4%
Portfolio Pulse from Benzinga Newsdesk
Costco has reported a 1.4% decrease in total company comparable sales for June.
July 06, 2023 | 8:23 pm
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Costco's total company comparable sales for June have decreased by 1.4%, which may negatively impact the company's stock price in the short term.
Comparable sales are a key indicator of a retailer's performance, as they measure the sales of stores that have been open for at least one year. A decrease in comparable sales suggests that Costco's performance may be weakening, which could lead to a decrease in the company's stock price.
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