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Costco sales continue surge, increasing from record levels

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Costco Wholesale Corp.’s pandemic sales surge continued to grow in September.

Costco
COST,
+1.30%

reported September revenue of $16.84 billion, up 16.9% from the same month a year ago. That growth is an increase from strong quarterly results the membership-based warehouse retailer shared last month, when net sales grew 12.5%.

Same-store sales also managed to top strong previous results, rising 15.5% as shoppers continue to stock up during the COVID-19 pandemic. Costco produced the best quarterly same-store sales growth on record, 11.4%, in the most recently completed quarter. Costco reported monthly gains of 13.2% in each of the…



Source marketwatch.com

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