The average ticket value was down 4.5% in the US, which its CFO attributed to lower sales of higher-value non-food discretionary items.
In the previous quarter, the average ticket size had been down 3.5% compared to the same period in 2022.
During that quarter, these items made up 55% of e-commerce sales but just 8% of in-warehouse sales, Galanti said during its earnings call in May.
Audio product sales were up "a little" and TV sales were up but the average price point had come down, he said.
From July to August, the average price of some items including tomatoes, eggs, cheese, rice, cereal, and bread declined, the data shows.
Persons:
—, execs, Richard Galanti, Galanti
Organizations:
Costco, Service, of Labor Statistics