Costco's Shares Rise as Sales Jump in June
July 08 2020 - 5:11PM
Dow Jones News
By Kimberly Chin
Shares of Costco Wholesale Corp. rose 1% after hours Wednesday
to around $318 after the company posted an increase in sales from
the year-earlier period.
The company, which got a boost from consumers stockpiling items
during government-mandated lockdown measures in response to the
coronavirus pandemic, said sales rose roughly 12% in June to $16.18
billion compared with last year. E-commerce sales climbed roughly
86%.
Comparable sales, which factors stores or digital operations
open for at least 12 months, rose 14% from the year-ago period.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
July 08, 2020 16:56 ET (20:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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