Costco Wholesale (NASDAQ: COST), one such stock to pay attention to, is down about 15% from its all-time high that was set in April last year. After posting net revenue growth of 17.8% in fiscal 2021 and 16.1% in fiscal 2022 (ended Aug. 28), Costco's business has been dealing with a bit of a slowdown. Sales only increased 8.1% in the most recent fiscal quarter (the first quarter of 2023, ended Nov. 30).
The U.S. inflation rate tipped the scales at its highest level in 40 years (9.1%), and the all three major U.S. stock indexes were, at one point, firmly entrenched in a bear market. A stock split is an event that allows a publicly traded company to alter its share price and outstanding share count without any impact to its market cap or operations. A forward stock split reduces a company's share price to make it more nominally affordable for retail investors.
If you're looking for the best bang for your buck, warehouse club Costco is one of the best places to pick up some popular game day snacks. Costco offers a variety of different chicken wings for the big game. It offers 10 lbs. of Kirkland Signature Chicken Wings for $31.99 or you can purchase a 4 lb. bag of Foster Farms' Take Out Crispy Chicken Wings for $23.49 in either classic buffalo or sweet chipotle BBQ.