Costco Reports September Sales Results: What You Should Know – Costco Wholesale (NASDAQ:COST)

Costco Wholesale Corporation COST Shares traded higher on Wednesday before the company announced its September sales figures after the closing bell.

The details: Costco reported net sales of $24.62 billion for the retail month of September, up 8.9% from sales of $22.59 billion in the year-ago period. Comparable sales, excluding the impact of changes in gasoline prices and foreign exchange rates, increased 9.3% in the U.S., 6.3% in Canada and 22.9% in e-commerce.

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The company said this year’s total and comparable sales for the retail month of September increased about 2% in the U.S. and 1.5% globally, reflecting increased sales related to unusual consumer activity related to Hurricane Helene and port strikes be.

According to Benzinga Pro, Costco shares are trading above the stock’s 50-day moving average of $876.54 and are nearing its 52-week high of $923.82.

COST price promotion: According to Benzinga Pro, shares of Costco Wholesale rose 0.21% to $911.00 in the after-hours trading session, after gaining 2.10% in Wednesday’s regular trading session.

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Photo: Mike Mozart via Flickr Creative Commons