- The company has seen its online sales jump up 86%, with same-store sales rising by 12% through the month as well.
- E-commerce sales had risen 106% in May. The company has reported strong e-commerce sales as they look to compensate for the drop in foot traffic at stores due to the pandemic, capitalising on the large consumer move to online shopping for groceries.
- The companies stock rose 1% in reaction to the news, with the companies fourth quarter results expected in September, estimated to be around $50 billion.
Sources : https://www.barrons.com/amp/articles/costco-stock-june-comparable-store-sales-51594302364
https://www.marketwatch.com/amp/story/costco-june-sales-rise-11-to-16-billion-2020-07-08
