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Big Tech's Banner 2023 Continues
Motley Fool Money
Costco's E-Commerce Sales Down 9% on an Adjusted Basis
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The company reported earnings this week that were shy of analyst estimates with revenue up to 53 billion and earnings per share coming in at $2.93 down year over year. Like many retailers this earnings season, it seems like Costco is bitten a little bit by slowing spend on bulk items. The higher-end stuff is where we're seeing the pinch. More of the mass market, more affordable things are still seeing consumer activity.
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