Costco’s Sales Cool as Coronavirus Stockpiling Slows

Costco’s Sales Cool as Coronavirus Stockpiling Slows

The coronavirus stockpiling that cleaned out some Costco shelves in March has cooled. Costco Wholesale Corp. reported higher sales for its latest quarter, but its growth wasn’t as fast as some competitors that were also able to stay open during the pandemic. Comparable sales, those from stores and digital channels operating for at least 12 months, rose 7.8% during the quarter ended May 10. The figure excludes the impact of gasoline sales and currency swings.
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