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A dip in big purchases leads to a Costco same-store slump | Strategy Online

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Posted in May
By Christopher Lombardo

Costco’s same-store sales growth cooled in Q3 amidst weakness in big ticket spending. For the quarter ending May 7, Canadian comparable store sales were down 1% year-over-year, versus expected growth of 1.3%. In the U.S., they were down 0.1%, versus analyst estimates of 2.4% growth. However, overall net sales for the quarter increased 1.9% to $52.6 billion USD.

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