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)

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