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Costco Reports on Q1 Sales

12/07/2020

Costco Wholesale Corporation (COST) reported sales for the first quarter of fiscal 2021 ending November 22nd.  For the period, sales attained $42.35 billion up 16.9 percent from the value of $39.95 billion during the corresponding Q1 in fiscal 2020.

 

Same store sales increased 15.7 percent for the U.S.; 16.4 percent for Canada and 17.5 percent for international warehouses.  Overall, same-stores sales advanced by 16.0 percent and E-commerce was 82 percent higher.

 

Costco Wholesale Corporation operates 803 warehouses with 586 in the U.S.; Canada, 102; Mexico, 39 and the remainder in nine other nations.

 

Costco closed on Wednesday, December 2nd before release of the data at $383.28, but opened on Thursday, December 3rd at $376.63 closing the day at $374.05.  COST has traded in a 52-week range of $271.28 to $339.15.