Costco Shares Rise After Sales Climb 8% In June

Costco Wholesale Corp COST shares are rising in Wednesday’s after-hours session after the company reported sales results for June.

What Happened: Costco reported net sales of $26.44 billion for the retail month of June, which includes the five week-period ended July 6. Net sales for the month were up 8% on a year-over-year basis.

The membership-based retailer said total company comparable sales were up 5.8%. Here’s a breakdown of comparable sales for the five-week period:

• U.S.: up 4.7%

• Canada: up 6.7%

• Other International: up 10.9%

Year-to-date net sales totaled $227.46 billion, up 8% year-over-year. Costco currently operates 907 warehouses, including 624 in the U.S.

COST Price Action: Costco shares are up approximately 7.15% year-to-date. The stock was up 1.11% in after-hours Wednesday, trading at $982.09 at the time of publication, according to Benzinga Pro.

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