Supermarket News
Sales surged by double digits at Costco Wholesale in the fiscal 2020 second quarter, including strong comparable-sales gains that ballooned toward the end of February as consumers flocked to stores to stock up on coronavirus-related supplies.
For the 12 weeks ended Feb. 16, net sales climbed 10.5% to $38.26 billion from $34.63 billion a year earlier, Costco reported late Thursday. Membership fee income grew 6.3% to $816 million.
Overall comparable sales rose 8.9% in the second quarter, reflecting increases of 9.1% in the United States, 8.9% in Canada and 7.9% internationally.. . . more
