Costco reported that its comparable sales for the retail month of November rose by 4.3%, missing expectations. The company’s e-commerce sales were down 10.1% for the month.
Costco’s exposure to discretionary categories appears to be hurting its growth, as products such as consumer electronics and hardware witness slower sales.
Shares of Costco we down by over 6% in trading on Thursday.
|S&P 500 Return||0%||-14%||82%|
|Trefis Multi-Strategy Portfolio||1%||-17%||229%|
 Month-to-date and year-to-date as of 12/2/2022
 Cumulative total returns since the end of 2016