Costco Keeps Rolling With Strong September Sales
Last month, Costco Wholesale (NASDAQ: COST) reported stellar results for the final quarter of its 2021 fiscal year. Indeed, fiscal 2021 was one of the most impressive years in Costco's impressive history. Adjusted comparable sales jumped 13.4% and earnings per share reached a record $11.27.
Costco has gotten off to a good start in fiscal 2022, as well. Last week, the leading warehouse club chain reported excellent sales results for the retail month of September.
During the five-week period ending on Oct. 3, Costco generated net sales of $19.5 billion: up 15.8% year over year. Comparable sales grew 14.3%. Excluding the impact of soaring gasoline prices and the weaker U.S. dollar, adjusted comparable sales increased 9.4% compared to September 2020.
Source Fool.com
