Costco records $24.5 billion in October net sales, attempting to break May high
COST Costco Wholesale Corp
$1066.18 +1.20%
View chart & analysis → - 1Costco recorded $24.5 billion in net sales for October, achieving a 12.6% increase in October net sales compared to the same period last year.
- 2Following a mid-September low, Costco's stock price rose by more than 19%, approaching the record high of $1,094 set in May.
- 3CEO Ron Brackis stated that the company saved members more than $3.2 billion during the fiscal year.
So what's the key point?
Costco's sales grew significantly in October, reaching $24.5 billion. The stock price also rose sharply, nearing the record high seen this past May.
Source CNBC · View original ↗
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