Shares of Costco fell after November data revealed a drop in sales.
Consumers are looking to save money on essentials today, and that behavior is putting a new spotlight on price leaders like Costco Wholesale (NASDAQ: COST) and Kroger (NYSE: KR). Kroger is much cheaper, while Costco promises more stable earnings. Kroger said in early September that second-quarter comparable-store sales rose 6%, which was good enough to convince management to raise its 2022 outlook.
Both Costco and Sam's Club are warehouse clubs you can join in order to benefit from discount prices on bulk items. Personal finance expert Dave Ramsey has some advice on this issue. In fact, there are nine specific things Ramsey believes it's a good idea to buy at Costco or Sam's.