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Costco net sales up 12.2% YOY in August

Warehouse club operator Costco Wholesale Corp.'s net sales in August grew 12.2% to $11 billion from $9.8 billion in the same month a year ago.

During the month, comparable sales across the company's global operations edged up 9.2%. E-commerce comparable sales were up 23.8%, while comparable sales in Canada also grew 2.7%.

In addition, comparable sales climbed 5.3% in other international markets.

Meanwhile, net sales for the fourth quarter of fiscal 2018 were $43.4 billion, up 5% from $41.4 billion reported in the fourth quarter of fiscal year 2017.

The company noted that net sales for the 52-week fiscal year ended Sept. 2 grew 9.7% to $138.4 billion, versus $126.2 billion reported in the 53-week fiscal year 2017.