The Miami Entrepreneur

: Costco stock drops 1% after May online sales fall nearly 8%

Costco Wholesale Corp. COST said late Thursday its May sales rose 1.2% to $18.45 billion, from $18.23 billion in May 2022. Comparable-store sales fell 0.3%, including a 1.3% decline in U.S. comparable-store sales. Comparable e-commerce sales dropped 7.6%, the retail giant said. Shares of Costco fell 1% in the aftermarket Thursday after ending the regular trading day up 0.2%.

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