Costco Posts Vigorous July Sales with E-Commerce Leading the Way
Costco Wholesale Corporation's (NASDAQ: COST) shares are trading up more than +1.5% after hours following today's press release about its July sales, which show strong growth year over year. According to the company's report, net sales jumped +14.1% year over year, amounting to $11.43 billion in July 2019 but coming in at $13.4 billion in July 2020. Costco's fiscal sales month of July ends on Aug. 2.
The report went on to note that net sales also rose +8.8% for the 48-week period ending on Aug. 2, clocking in at $149.66 billion compared to the $137.56 billion generated during the 48 weeks ending on Aug. 2, 2019. Comparable sales, or comps, saw increases across the board in all regions, but rose most in non-Canadian international areas (+15.9%) and least in Canada (+10.4%).
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Source Fool.com
