Shares of Costco fell after November data revealed a drop in sales.
Shares of Costco Wholesale (NASDAQ: COST) fell 6.6% on Thursday after the retailer announced a surprise drop in e-commerce sales. Costco's net sales for the four weeks ended Nov. 27 rose 5.7% year over year to $19.17 billion. Costco's comparable-store sales (comps) grew by 4.3%.
Costco is a members-only warehouse club and many people join because they believe they can get better deals on groceries and household essentials. Here's what personal finance guru Dave Ramsey thinks. Will you save by shopping at Costco?