New retail trend: Costco Stock falls

https://www.reuters.com/business/retail-consumer/costco-stock-set-worst-day-near-two-years-quarterly-revenue-miss-2024-03-08/#:~:text=For%20the%20past%20several%20quarters,remained%20cautious%20heading%20into%202024.

Costco’s shares closed down 7.6% on Friday for its worst day since May 2022 after “the membership-only retail chain missed second-quarter revenue expectations and signaled a negative impact from lower gasoline prices” - is this a warning sign for other retail stocks?

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