Costco reported a decline in e-commerce sales in April.

 

Costco reported a decline in e-commerce sales in April.  The decline comes despite consumers turning to Costco to find inexpensive grocery and dining options amid inflation. Costco's e-commerce sales were down 5.9% over the four weeks that ended on April 30. Total sales were up 1.4% YoY over the same period. Costco also reported a 7.6% e-commerce sales decline over the 35-week period that ended on April 30. Costco noted in its March earnings call that food and sundries were selling well despite reduced spending on big-ticket items.