Costco Wholesale Corp. shares dropped more than 3% in the extended session Wednesday after the retailer said its November sales rose 5.7% to $19.17 billion, following a 7.7% rise in October. Costco also reported a double-digit decline for e-commerce sales, once a bright spot for the retailer amid pandemic-fueled stockpiling and fear of shopping in person. Costco said total same-store sales rose 4.3%, but e-commerce sales dropped 10.1%. Shares of Costco ended the regular trading day up nearly 2%.
Any recommendation, opinion or advice regarding securities or markets contained in such material does not reflect the views of TD Ameritrade, and TD Ameritrade does not verify any information included in such material.