Costco’s (COST) comparable sales rose 11.5% in June fueled by e-commerce revenue growth.Analysts had estimated an advance of about 4.2% in comparable sales for the five weeks ended July 5. E-commerce sales were up almost 86% during the reported period. On a geographical breakdown comparable sales advanced 11% in the U.S., 8.4% in Canada, and 18% in other global markets.In the 44 weeks ended July 5, the food retail chain reported net sales of $136.37 billion, an increase of 8.1% year-on-year. Costco had in recent months suffered from a sales drop as stay-at-home orders and social distancing restrictions have led …read more
Source:: Yahoo Finance
