Costco Wholesale’s sales growth slowed for the fifth consecutive month in May, sending shares lower Wednesday afternoon. The company’s May sales rose 6.8% year over year to $20.97 billion. While that was just a hair lower than April’s 7% increase,

The chain’s sales still grew 7% in April, when President Donald Trump announced a significant expansion of his trade war. However, that marked a slowdown from the prior month. L

Key Takeaways Costco reported a 6.8% increase in sales for the month of May compared to May 2024.Comparable store sales rose less than analysts had expected, according to a note from JPMorgan analysts.