Costco sales surpass $ 18 billion in March

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Costco Wholesale Corp. said Wednesday night that its March sales rose nearly 18% to $ 18.21 billion, from $ 15.49 billion in March 2020, also a rebound compared to February sales. . Costco COST, shares of -0.36% were up 0.3% in the extended session after ending regular trading on Wednesday down 0.4%.

The retailer said comparable store sales increased 16%, including a 13.9% increase in comparable store sales in the US Online sales increased 57.7%, it said. The five-week retail month had one less shopping day than last year due to a calendar change for the Easter holidays, Costco said. Costco reported last month that February sales increased 15% to $ 14.05 billion. Also in March, the retailer reported fiscal second-quarter earnings below Wall Street expectations, due in part to higher wages amid the pandemic. Costco has been one of the beneficiaries of a pandemic-fueled stockpile, but its expenses have also increased and foot traffic in its stores has been a concern. The stock has gained 18% in the last 12 months, compared to gains of around 53% for the S&P 500 SPX Index, + 0.15%.