Costco misses quarterly sales expectations amid reduced consumer spending-March 2024-www.financetom.com

Costco misses quarterly sales expectations amid reduced consumer spending

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Costco misses quarterly sales expectations amid reduced consumer spending

May 29, 2025 1:43 PM

May 29 (Reuters) - Costco Wholesale ( COST ) missed Wall

Street expectations for third-quarter revenue on Thursday, as

consumers grappling with rising living costs pared back on large

purchases, especially of non-essential goods such as home

furnishings.

The company's quarterly revenue rose 8% to $61.96 billion,

compared with analysts' average expectations of $63.19 billion,

according to data compiled by LSEG.

Previous page： Macy's Allows Due Diligence by Activist Investors After Revised Offer Next page： Market Chatter: Ecopetrol's Board Opposes Government Nominees

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Macy's Allows Due Diligence by Activist Investors After Revised Offer

Mar 14, 2024

03:38 PM EDT, 03/14/2024 (MT Newswires) -- Macy's (M) rose nearly 3% on Thursday after Arkhouse Management and Brigade Capital said the retailer allowed the activist investors earlier this week to certain due diligence activities after a revised acquisition proposal. Macy's told Arkhouse and Brigade on Monday it was willing to make certain materials available under a to-be-agreed confidentiality agreement,...

Market Chatter: Ecopetrol's Board Opposes Government Nominees

Mar 14, 2024

03:41 PM EDT, 03/14/2024 (MT Newswires) -- Ecopetrol's ( EC ) governance committee issued a report saying the five board nominees of Colombia's President Gustavo Petro aren't qualified to run the state oil company, Bloomberg reported Thursday, citing an internal document. Petro's candidates have no experience needed to run the company, according to the board document, the report said. His...

Thomson Reuters' AI Integration to Drive Price Increases and Retention, UBS Says

Mar 14, 2024

03:38 PM EDT, 03/14/2024 (MT Newswires) -- Thomson Reuters' ( TRI ) AI-embedded workflows will support price increases and improve retention, UBS said in a note Thursday. The investment firm said Reuters' short-term and long-term guidance seems conservative given the increase in generative artificial intelligence integration, launch, and monetization in 2024. The market is realizing a significant change in the...

Suncoke Energy Insider Sold Shares Worth $870,577, According to a Recent SEC Filing

Mar 14, 2024

03:46 PM EDT, 03/14/2024 (MT Newswires) -- Michael G Rippey, Director, Chief Executive Officer, on March 13, 2024, sold 78,714 shares in Suncoke Energy ( SXC ) for $870,577. Following the Form 4 filing with the SEC, Rippey has control over a total of 342,359 shares of the company, with 342,359 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1514705/000162828024011195/xslF345X03/wk-form4_1710445259.xml Price: 10.74, Change:...