Costco shares fall after August sales; stock dips around 1%
Costco Wholesale reported $23.70 billion in August sales. Shares fell roughly 1% to $915.93 on Friday, with revenue up 9.9% despite calendar timing cutting nearly 75 basis points from reported growth.
Costco Wholesale NASDAQ:COST, the membership-warehouse powerhouse, posted $23.70 billion in August sales as its shares fell roughly 1% to $915.93 Friday.
Revenue surged 9.9% despite calendar timing cutting nearly 75 basis points from reported growth.
Costco delivered a big month.
The stock still we…