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Costco net sales up 6.9% YOY in August

Costco Wholesale Corp.'s net sales in August grew 6.9% to $11.79 billion from $11.03 billion in the same month a year ago.

For the four-week period ended Sept. 1, comparable sales across the company's global operations rose 5.5% year over year. E-commerce comparable sales grew by 23.9%.

In the U.S., comparable sales were up 6.4%, while Canada registered a 3.6% growth. Comparable sales jumped 2.3% in other international markets.

Costco posted a 7% year-over-year increase in net sales for the fourth quarter of fiscal 2019. Net sales for the period came in at $46.45 billion, up from $43.41 billion reported in the fourth quarter of fiscal 2018.

For the fiscal year ended Sept. 1, net sales grew 7.9% to $149.35 billion from $138.43 billion a year ago.

In July, Costco's net sales grew 7.9% year over year to $11.43 billion.