Costco Wholesale reported an 8% year-over-year increase in net sales for June, reaching $26.4 billion U.S.
Same-store sales grew by 5.8% in June compared to a 4.3% increase in May, with a 6.2% rise when accounting for gas prices and exchange rates.
Strong performance was seen in categories like candy, meats, and produce, attributed to summer barbeque demand, and increased sales outside the U.S.
Costco's e-commerce sales rose by 11.2%, reflecting the continued consumer interest in the company's bulk pricing amid the Covid-19 pandemic. Costco's stock has risen 8% this year.