Costco reported strong June sales growth of 10.6% year over year. This growth, however, marked a slowdown from the previous month's pace. Investors reacted negatively to signs of moderating sales momentum. The company's premium valuation amplified the market's sharp reaction to the news.
Costco reported strong June sales growth of 10.6% year over year. This growth, however, marked a slowdown from the previous month's pace. Investors reacted negatively to signs of moderating sales momentum. The company's premium valuation amplified the market's sharp reaction to the news.
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