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Costco net sales rise 5.6% YOY in September

Costco Wholesale Corp. on Oct. 9 posted a 5.6% year-over-year increase in net sales for September.

Net sales for the five-week period ended Oct. 6 came in at $14.41 billion, compared to $13.64 billion in September 2018.

Comparable sales of the warehouse club operator grew 4.2% year over year, while e-commerce comparable sales jumped 17.8%.

Costco's U.S. division reported a 5% growth in comparable sales, while its Canadian unit rose 1.2% in this category. Comparable sales in other international markets were up 3%.

In August, Costco's net sales grew 6.9% year over year to $11.79 billion.