On May 29, Costco Wholesale fell 3.34% in regular trading, trading at $951.305/share, with trading volume of $892 million. The decline follows Costco's fiscal third-quarter earnings release on May 28 after market close.

Costco reported Q3 EPS of $4.93 and net sales growth that exceeded Wall Street revenue expectations. A company executive noted that the final five weeks of the fiscal third quarter marked the highest-volume five weeks in company history, driven in part by record gasoline sales as Middle East conflicts pushed oil prices higher. Paid membership grew 4.1% and website and app traffic surged 37%. Despite the revenue beat, shares came under selling pressure following the report, extending a period of weakness in the retail sector that began after Walmart's earlier disappointing guidance.

Within the Hypermarkets & Super Centers sector, broad weakness persisted. Among peers, Walmart fell 1.52%, Target fell 1.90%, BJ's Wholesale Club fell 1.74%, Dollar General fell 0.77%, while Dollar Tree rose 1.32%.

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