Costco Inventory Is Climbing After The Bell: This is Why – Costco Wholesale (NASDAQ:COST)

Costco Wholesale Corp (NASDAQ:COST) shares are rising in Wednesday’s after-hours session after the corporate reported gross sales figures for September.

Test extra out about COST inventory right here.

What Occurred: Costco reported internet gross sales of $26.58 billion for the retail month of September, which incorporates the 5 weeks ended Oct. 5. Web gross sales for the month had been up 8% on a year-over-year foundation.

The membership-based retailer mentioned complete firm comparable gross sales had been up 5.7% year-over-year final month. This is a breakdown of comparable gross sales for the trailing five-week interval:

• U.S.: up 5.1%
• Canada: up 6.3%
• Different Worldwide: up 8.5%

“Final 12 months’s complete and comparable gross sales benefited by roughly two p.c within the U.S. and one and one-half p.c worldwide because of the elevated gross sales as a consequence of irregular client exercise related to Hurricane Helene and port strikes,” the corporate mentioned.

Costco at the moment operates 914 warehouses, together with 629 within the U.S.

COST Value Motion: Costco shares had been up 1.88% in after-hours, buying and selling at $932 on the time of publication on Wednesday, in accordance with Benzinga Professional.

Learn Subsequent:

Picture: Shutterstock.com