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Costco August sales up 11%

Costco Wholesale Corp. said late Wednesday its August net sales rose 11.4% to $17.55 billion. Same-store sales rose 10.1%, including a 11% increase for same-store sales in the U.S., the retailer said. E-commerce comparable sales rose 3.9%. Costco shares edged 0.4% higher in the after-hours session after ending the regular trading day down another 0.4%. For the year, the stock has lost 8%, compared with losses of around 17% for the S&P 500 index.

-Claudia Assis

 

(END) Dow Jones Newswires

08-31-22 1626ET

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