Friday, September 1, 2017

Warehouse club giant tops estimates in August

Costco Wholesale Corp. turned in a strong performance in August, helped by a big increase in online sales. 
 
Net sales rose 10% to $9.8 billion for the month of August, from $8.9 billion during the similar period last year. Total same-store sales rose 7.3%, higher than the 6.1% Wall Street expected. Same-store U.S. sales rose 7.4%, easily topping estimates for a 4.9% to 5.3% increase. Costco's comparable e-commerce sales jumped 26% in August.. . . more

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