“People are feeling safe coming in,” Galanti said, adding that customer traffic picked up “dramatically” in July and August.
Worldwide, where Costco has a total of 795 warehouses in countries that include Canada, Spain, Korea and Taiwan, same-store sales topped 14%. Online sales surged 91% and would have more than doubled if same-day third-party grocery delivery by Instacart were included, Galanti said. “Prospects continue to look bright for , and we can’t think of another name that is better prepared to play both offense and defense in today’s fluid backdrop,” Gordon Haskett analyst Chuck Grom said in a report. Costco pricing items at a markup of only 14% to 15% above costs is “a strategy that continues to pay dividends,” he said.
Total sales last quarter rose 12.5%, to $52.3 billion. Membership fees rose 5.3%, to $1.1 billion, as Costco attracted new members and kept the membership renewal rate in the U.S. at 91% and the rest of the world’s close to 90%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves midday: Tesla, Costco, Royal Caribbean & moreTake a look at the stocks making headlines in midday trading. Are Muskovites drinking the Musk oil infused Kool-Aid again?
Source: CNBC - 🏆 12. / 72 Read more »
Costco beats estimates as high COVID-19 costs weigh on sharesCostco Wholesale Corp recorded high coronavirus-related costs for the second straight quarter, overshadowing its better-than-expected results and sending the company's shares down 3% in extended trading on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »
Costco Is Selling 6-Packs of Mini Champagne Bottles That Are Perfect for Small CelebrationsThey even come with a special flute for sipping straight from the bottle. We’re here for this 😍 .KMADDIE72 add it to the Costco list! Great idea, is hard to finished a whole bottle by myself.🤣🤣👏🏼
Source: foodandwine - 🏆 366. / 59 Read more »
Stocks making the biggest moves after hours: Novavax, Costco & moreTake a look at the companies making headlines in after hours trading.
Source: CNBC - 🏆 12. / 72 Read more »
Older People, Got A Pandemic Problem? A Club To Help You Figure It Out — YourselfVietnam's Intergenerational Self Help Clubs encourage older people in the neighborhood to find solutions to their own challenges, whether it's feeling lonely or needing a little extra cash. thanks My Gma is 95 and still lives I. The house her and my gpa built. She walks to the post office and grocery store. Heads to the bank and pays her bills. She is definitely finding solutions to her own challenges. Love you Gma
Source: NPRHealth - 🏆 144. / 63 Read more »
Kentucky's governor spars with attorney general in Breonna Taylor case: 'Let people see' evidence'It's time to post all the information”: Kentucky Gov. Beshear affirms his call for state AG Cameron to release evidence in the fatal police shooting of Breonna Taylor after a grand jury declined to directly charge the officers involved. When they showed paper work saying no bodily injuries, after being shot 8 times, anything after that is the biggest cover up. Cop fired for murder, you get fired for murder bet? I can’t, and some people on my job get on my nerves big time. They say drug bust, dead for drugs? Can they release the transcripts from the Mueller investagation too? Let’s make it clear officers 👮♀️ It’s ok to shoot and kill Breonna Taylor but DON’T shoot trough the walls, it can put neighbor’s lives in jeopardy
Source: NBCNews - 🏆 10. / 86 Read more »