After-Hours Alert: Why Costco Stock Is Sliding
Costco Wholesale Corp (NASDAQ: COST ) shares are trading lower in Monday''s after-hours session in sympathy with Walmart Inc (NASDAQ: WMT ), which cut guidance for the second quarter and full fiscal year. Walmart said it revised its outlook as a result of pricing actions aimed to improve inventory levels at Walmart and Sam''s Club in the U.S. "The increasing levels of food and fuel inflation are affecting how customers spend, and while we''ve made good progress clearing hardline categories, apparel … Full story available on Benzinga.com
After-Hours Alert: Why Costco Stock Is Sliding
Costco Wholesale Corp (NASDAQ: COST ) shares are trading lower in Monday''s after-hours session in sympathy with Walmart Inc (NASDAQ: WMT ), which cut guidance for the second quarter and full fiscal year. Walmart said it revised its outlook as a result of pricing actions aimed to improve inventory levels at Walmart and Sam''s Club in the U.S. "The increasing levels of food and fuel inflation are affecting how customers spend, and while we''ve made good progress clearing hardline categories, apparel … Full story available on Benzinga.com