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Wajeeh Khan

Costco Just Reported 'Record-Breaking' Gas Sales. COST Stock Is Falling Anyway.

COST Costco Costco Wholesale

Costco Wholesale (COST) stock closed in the red on May 29, even after the company delivered a solid Q3 performance featuring record-breaking gasoline volumes.

The final five weeks of COST’s third quarter represented the five highest-volume fuel weeks in its history, driven by elevated gasoline prices as the Strait of Hormuz remained effectively closed.

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