Cheetah Net Supply Chain Service Inc
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Consumer Discretionary : Distributors |

Cheetah Net Supply Chain Service Inc. is a supplier of parallel-import vehicles in the United States to be sold in the People’s Republic of China (PRC) market. The Company and its wholly owned subsidiaries are primarily engaged in the parallel-import vehicle dealership business. In the PRC, parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturers’ official distribution systems. The Company purchases automobiles, primarily luxury brands such as Mercedes, BMW, Porsche, Lexus, and Bentley, from the U.S. market and resells them to its customers, including both U.S. and PRC parallel-import car dealers. The Company holds 100% of the equity interests in the subsidiaries, such as Allen-Boy International LLC, Canaan International LLC, Pacific Consulting LLC, Canaan Limousine LLC, Entour Solutions LLC, Spirit Solutions LLC, and Cheetah Net Logistics LLC.

Closing Price: $1.92

Day's Change: -0.01 (-0.52%)

Bid: --

Ask: --

B/A Size: --

Day's High: 1.99

Day's Low: 1.88

Volume (Light) Volume: 21,955 10-day average volume: 48,943: 21,955

Costco online April sales drop nearly 6%

4:32 pm ET May 3, 2023 (MarketWatch) Print

Costco Wholesale Corp. (COST) late Wednesday reported April sales of $17.85 billion, up 3% from the $17.33 billion in April 2022. Same-store sales rose 1.4%, while e-commerce sales fell 5.9%, the retailer said. Costco is slated to report fiscal third-quarter earnings in early August. The stock was flat in the aftermarket Wednesday, and ended the regular trading day down 1%.

-Claudia Assis

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(END) Dow Jones Newswires

May 03, 2023 16:32 ET (20:32 GMT)

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