Costco's October Sales and Comparable-Store Sales Rise at Double-Digit Rates
The coronavirus pandemic continues to bring both online and in-person shoppers to Costco Wholesale (NASDAQ: COST). The big retailer released its latest set of monthly sales statistics on Wednesday, and they showed that business is still climbing at double-digit rates.
For October, Costco's net sales came in at $11.92 billion, up by just under 16% from the same month of 2019. That was on the back of comparable-store sales that increased by 14.4% overall. This was driven in turn by 91% growth in e-commerce sales.
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Source Fool.com
