Costco Wholesale this week reported across-the-board, double-digit comparable sales gains for August and gave a peek at year-end results.
For the four weeks ended Aug. 30, net sales climbed 15% to $13.56 billion from $11.79 billion a year earlier.
Costco’s overall comparable-club sales for August jumped 13.2% year over year and were 14.5% excluding the impact of changes in fuel prices and foreign exchange rates. By business unit, comp sales rose 12.5% in the United States (14.3% excluding fuel and forex), 14.6% in Canada (15% excluding fuel and forex) and 16.1% internationally (15.4% excluding fuel and forex). E-commerce sales soared 101.9% on a comparable basis (101.6% excluding forex).
Source: Supermarket News
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