"Better-performing departments included tires, sporting goods, toys and seasonal, and automotive. Underperforming departments were majors, primarily consumer electronics, jewelry and hardware."
$COST$COST total company adjusted comps are strong but starting to slow. See the 3-year stacks below. This is the first quarter of the year <30%.
See COST's stock performance vs. SPY the last twenty years:
And here is COST P/E vs. S&P 500:
It seems like COST stock gets pushback for its premium P/E multiple. As seen above, it always trades at a premium. However, in the last twenty years, COST has only traded at 2X premium to the S&P 500 in 2011 and 2019. The stock took longer to deliver a return higher than market at this peak multiple both times. See 2011 case, for example: