Costco August net sales rise 9.9% to $23.7 billion
Costco reported August net sales of $23.7 billion, up 9.9% year over year. Total comparable sales rose 8.4%, or 5.4% excluding gas and FX. U.S. comps were up 9.0%. Digital sales grew 17.9%. Labor Day timing negatively impacted August sales by just under 75 bps.
News sentiment70 · Bullish
Market impact60/100
Event statedeveloping
The headline is open. The market meaning goes deeper.
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