Costco reports September sales increase of 13.0 percent
US comparable sales rose 12.5%. Labor Day shift positively impacted results. Digital sales surged 19.0%.
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Membership warehouse club retailer
costco.comLast updated
In short: Costco reported double-digit September sales growth, applied tariff refunds to prices, and planned broad warehouse expansion.
US comparable sales rose 12.5%. Labor Day shift positively impacted results. Digital sales surged 19.0%.
Net sales increase 11.2% to $93.9 billion with diluted EPS rising to $6.75 from prior year figures.
Fourth quarter revenue rises 11.3 percent to $93.9 billion while full year fiscal sales grow 10.2 percent to $297.3 billion.
Total company comparable sales rose 8.9% in the four-week period, while digitally-enabled sales increased 17.7%.
Costco is teaming up with California-based nonprofit SCAN Group to offer qualifying Americans Medicare health plans.
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The growth rate for membership revenue declines for a third-straight quarter for Costco as fees rise 7.3% year over year to $1.5 billion.
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