Costco July Same Store Sales Rise By 8.9%

(RTTNews) - Costco Wholesale Corporation (COST), the American chain of discount stores, Wednesday reported higher comparable sales in July compared to the same period last year.

Like-for-like sales for the first 48 weeks climbed 8.4 percent year on year.

Net sales for the first 48 weeks grew 10.1 percent to $273.55 billion from $248.35 billion of previous year.

July sales increased 10.7 percent to $23.12 billion from $20.89 billion of last year.

On Wednesday, shares closed at $941.99, down 0.62% on the Nasdaq.

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