Costco Shares Slip After-Hours on June Same-Store Sales Slowdown
COST•Costco reported a deceleration in year-over-year same-store sales growth for June, following a strong increase in May, and shares fell in after-hours trading as a result. Despite overall sales rising, investors were disappointed by the sequential slowdown, reflecting tighter consumer spending.
1. June Sales Growth Slows
Costco reported that its year-over-year same-store sales growth decelerated in June after a robust performance in May, marking a sequential moderation in customer spending. Total revenue continued to rise, but the slowdown in comparable sales highlighted emerging pressures on retail foot traffic and basket sizes.
2. After-Hours Trading Reaction
Shares of the warehouse retailer declined in extended trading following the announcement of softer June comparable sales, as investors reassessed near-term demand trends. Market participants cited concerns over moderating consumer discretionary spending and potential impacts on full-year profitability forecasts.
