COST August sales rise 9.9% to $23.70B; digital up 17.9%
Costco’s August net sales rose 9.9% to $23.70 billion. Comparable sales increased 8.4% and digitally enabled sales grew 17.9%, with gas price inflation and select regional/category strength contributing.
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08:50:13 PM UTC
SquawkNews
By Elias SchisgallCostco Wholesale reported 9.9% sales growth to $23.7 billion in August.The membership warehouse club on Wednesday added that its total fourth-quarter sales reached $93.9 billion, up 11.3% year-over-year.For the four weeks ended Aug. 30, comparable sales were up 8.4% across the com…
August net sales increased 9.9% to $23.70 billion. Comparable sales rose 8.4%, while digitally enabled sales increased 17.9%. Costco said gas price inflation and strong performance in select regions and categories helped drive the growth. Fourth-quarter and full-year results are scheduled for September 24.