Costco quarterly revenue misses estimates
) reported lower-than-expected quarterly revenue on Thursday, hit by a slowdown in the number of customers shopping on the warehouse club operator’s website.
However, Costco blamed a late Thanksgiving weekend this year for denting sales in the first quarter ended Nov. 24. “Expectations are high. Some of the times e-commerce sales do not grow 20% and people get disappointed,” Edward Jones analyst Brian Yarbrough said.
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