Roth Capital's Bill Kirk on Costco downgrade: Lots of key metrics going the incorrect way

AND YOUR NEXT GUEST SAYS MORE DOWNSIDE MAY BE COMING. HE DOWNGRADED COSTCO TO A CELL FROM A NEUTRAL. JOINING US NOW IS BILL KIRK COVERS RETAIL AT ROTH CAPITAL PARTNERS.BILL THE CALL IS GETTING A LOT OF ATTENTION. SO WE APPRECIATE YOU COMING ON POWER LUNCH. WHAT'S THE PRIMARY THESIS BEHIND THAT SELL RATING.>> YEAH, THANKS FOR HAVING ME. THE PRIMARY THESIS IS WHEN YOU UNPACK THE QUARTER, THERE'S A LOT OF KEY METRICS THAT ARE GOING THE INCORRECT WAY. IF YOU TAKE A LOOK AT TRAFFIC, WHETHER IT'S IN THE UNITED ST ...