Hey there. First off, sorry for the delayed reply. Mat and I took an extra day there for the long weekend.
I believe the Costco situation was in 2022, and they did decide to part ways in that regard. I do not believe the company sells in Costco stores anymore.
The reason the company took such a dive after earnings was likely because it announced it lost a significant client in the United States which is expected to impact the 2nd half of the year in terms of overall revenue generation. As a result, it looks like it had to tame guidance. The Costco situation and now this is certainly not a good development for the company.
That said, the company is relatively attractive from a value standpoint, and the dividend looks to be well covered. The company consistently puts up strong returns on equity and invested capital.
The loss of a few big customers over the last year would definitely make me a bit uneasy but the reality of it is the market tends to price things like this in quickly.
It is certainly not a stock that income seekers are going to find attractive. So, if you're looking for larger yields a sale would make sense and ultimately that depends on your individual situation. However, if you're looking for some insight as to whether or not the company is sound, I believe it is.