to $130.6 billion. Third quarter alone saw a 21.7% spike in sales. It handily beat stock analysts’ expectations.Costco CFO Richard Galanti predicted
Costco is sitting pretty to mitigate these inflationary pressures. It has successfully kept its shelves stocked by adjusting orders and in many cases, front-loading them to have sufficient inventory in high-demand items. E-Commerce overall has been on a roll with comparable sales growth of 41.2% in the third quarter and 65.1% year-to-date.Costco still has work to elevate is e-commerce penetration
Though prices may go up a smidge for items like its $4.99 rotisserie chicken and $2.99 bottled water packs, Costco has a lot of flexibility to keep costs down through its strong vendor relationships.
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