COST - What's Going On With Costco Stock Thursday? | Benzinga
Costco Wholesale Corp (NASDAQ:COST) shares are moving higher Thursday after the company reported sales data for March and increased its quarterly dividend.
What To Know: Costco reported net sales of $23.48 billion for the retail month of March, up 9.4% on a year-over-year basis.
Costco’s "retail month of March" spans the five-week period ended April 7. The company noted that its numbers were impacted by the shift in the timing of Easter, which positively impacted total and comparable sales by approximately 0.5%.
Total comparable sales were up 7.7% in March, while e-commerce sales jumped 28.3%. Costco's U.S. comparable sales were up 7.3% last month, Canada comparable sales were up 8.9% and Other International sales were up 8.6%.
Costco said net sales through the first 31 weeks of the year totaled $146.64 billion, up 6.4% year-over-year.
Costco also ...