Costco Wholesale Corp
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Consumer Staples : Food & Staples Retailing | Large Cap Blend
Company profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and through its subsidiaries in Taiwan. The Company's average warehouse space is approximately 146,000 square feet. The Company's warehouses on average operate on a seven-day, 70-hour week. The Company offers merchandise in various categories, which include food and sundries (including dry foods, packaged foods, groceries, snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies); hardlines (including appliances, electronics, health and beauty aids, hardware, and garden and patio); fresh foods (including meat, produce, deli, and bakery); softlines (including apparel and small appliances), and ancillary (including gasoline and pharmacy businesses).

Closing Price
$528.93
Day's Change
3.42 (0.65%)
Bid
--
Ask
--
B/A Size
--
Day's High
537.50
Day's Low
524.77
Volume
(Above Average)
Volume:
2,984,376

10-day average volume:
2,574,423
2,984,376

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against The Boston Beer Company, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

5:40 pm ET October 15, 2021 (Newsfile) Print

Los Angeles, California--(Newsfile Corp. - October 15, 2021) -  The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against The Boston Beer Company, Inc. ("Boston Beer" or "the Company") (NYSE: SAM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between April 22, 2021 and September 8, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before November 15, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Boston Beer was suffering from decelerating sales of its hard seltzer products. The Company was likely to suffer inventory write-offs. The Company was also reasonably likely to be forced to pay shortfall fees to third-party brewers. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Boston Beer, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99921

comtex tracking

COMTEX_395286538/2523/2021-10-15T17:40:58

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