Friday, May 31, 2019

Costco misses on net sales in Q3

Chain Store Age
Costco Wholesale Corp. posted increases in net sales, same-store sales, and net income during the third quarter of fiscal 2019, but did not meet analyst expectations for revenue.

Total company same-store sales climbed 5.5%, while total company e-commerce sales rose 22%. Broken down by region, same-store sales grew 7% in the U.S., 1.3% in Canada, and 1.7% in other international markets.. . . more