Costco Says August Sales Up 15% to Almost $14 Billion
September 02 2020 - 5:03PM
Dow Jones News
By Micah Maidenberg
Costco Wholesale Corp. said Thursday it generated $13.56 billion
for its August selling month, up 15% versus the same period last
year.
For the 16-week quarter that ended Aug. 30, sales totaled $52.3
billion, 13% ahead of last year's tally.
And for the 52-week-long stretch that ended Aug. 30, sales were
up 9% at $163.2 billion.
Costco, along with Walmart Inc. and Target Corp., are among the
retail chains that have gained ground during the Covid-19 pandemic,
locking in stronger customer demand as shoppers bought more food to
cook, various staples and home goods.
Comparable sales, stripping out gas sales and currency
fluctuations, for ecommerce more than doubled during the month-long
August period, while they jumped 50% for the year-long stretch that
ended Aug. 30.
August sales were hurt by the timing of the Labor Day holiday in
the U.S., the company said.
Costco currently has 795 warehouse stores, including 552 in the
U.S. and Puerto Rico.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
September 02, 2020 16:48 ET (20:48 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Costco Wholesale (NASDAQ:COST)
Historical Stock Chart
From Mar 2024 to Apr 2024
Costco Wholesale (NASDAQ:COST)
Historical Stock Chart
From Apr 2023 to Apr 2024