Costco August Net Sales Jump 9.9% to $23.7B
COST is trading near its 52-week low of $844.06 (10% above the low).
Summary
Costco reported August net sales of $23.70 billion for the four weeks ended August 30, up 9.9% from $21.56 billion a year earlier. Comparable sales for August rose 8.4% overall, with U.S. up 9.0%, Canada up 4.0%, and Other International up 9.5%. Digitally enabled comparable sales increased 17.9%. For the 16-week fourth quarter, net sales were $93.9 billion, an increase of 11.3% compared to $84.4 billion last year. This follows July's 8.9% same-store sales growth and June's 10.6% net sales increase, showing continued momentum.
At the time of this announcement, COST was trading at $929.23 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $411.8B. The 52-week trading range was $844.06 to $1,096.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.