Costco Reports Lower April Sales

Despite its staying open to serve customers and offering the unique benefits that customers love, Costco (NASDAQ: COST) saw declining year-over-year sales in April for the first time since July 2009.

Costco reported a February increase of 12.1% as customers began to stock up before the pandemic, and a March increase of 9.6% as fewer customers ventured outside their homes. April comparable sales fell 4.7%, though e-commerce was up 85.7% as customers turned online to fill their needs.

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Source Fool.com