Costco's May Sales Jump 24% Year Over Year
Costco Wholesale (NASDAQ: COST) continues to post encouraging fundamentals, as consumers become more encouraged to abandon coronavirus pandemic stay-in-place measures.
On Thursday, the retailer released its latest set of monthly sales figures. These revealed that companywide net sales were nearly $15.6 billion in May, a robust 24% higher than in the same month last year. This was on the back of comparable sales that advanced by almost 23%. Online sales, meanwhile, rose at a 12% clip.
Costco did note that May 2021 contained one extra shopping day compared to May of last year; it said this affected sales by roughly 2 to 2.5 percentage points.
Source Fool.com
