Costco Wholesale March Comparable Sales Rise 7.7%; Reports Net Sales Of $23.48B For The Retail Month Of March, Up 9.4% Y/Y
Portfolio Pulse from Benzinga Newsdesk
Costco Wholesale reported a 7.7% increase in March comparable sales and a 9.4% year-over-year increase in net sales, totaling $23.48 billion for the retail month of March.
April 10, 2024 | 8:19 pm
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Costco Wholesale's March sales report shows significant growth, with a 7.7% increase in comparable sales and a 9.4% increase in net sales, reaching $23.48 billion.
The reported increase in both comparable and net sales for Costco indicates a strong performance for the month of March. This positive sales growth is likely to be viewed favorably by investors and could lead to a short-term increase in Costco's stock price. The significant year-over-year growth in sales underscores Costco's ability to attract and retain customers, which is a key driver of its financial health and stock performance.
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