![]() ![]() Costco has a market cap of about $139.5 billion.Ĭorrection: This story was updated to correct the spelling of Costco. The stock had closed Thursday down about 1.5%, amid a broader sell-off. Shop Costcos Corona, CA location for electronics, groceries, small appliances, and more. "That's now improving each week."Ĭostco is expected to report its March sales results, for the five weeks ending April 5, on April 8.Ĭostco shares were down less than 1% in after-hours trading Thursday. 'I feel threatened' viral outburst at Fort Myers Costco costs man his job online. "In many cases, factories over there were closed for one to two additional weeks," Galanti said. Regarding its supply chain, Costco said in China "closures of many manufacturing facilities extended well beyond the typical one-week Chinese New Year holiday." June 15, 2019, 8:36 AM A shooting at a Costco Wholesale store in Corona has left one person dead and three others, including an off-duty officer, wounded on Friday. ![]() When shoppers are coming in to prep for the coronavirus outbreak, Galanti said customers are also buying other big-ticket items, such as patio furniture, which could end up being a bigger boon to sales. But he said it is still too difficult to quantify the impact COVID-19 will have on its future results. Our pharmacies will be administering COVID-19 vaccines as soon as. Galanti told analysts Thursday that sales have still been trending higher into the first few days of March. The vaccines are currently being offered in cities in California, New York, Oregon, South Carolina, Washington and Puerto Rico. Search for cheap gas prices in New York City, New York find local New York City gas prices & gas stations with the best fuel prices. They were up 7.9% when excluding the impact of gasoline prices and currency fluctuations, the company said. "These last nine or so days has been beyond busy," he added.įor its fiscal second quarter, overall, Costco said same-store sales, which is a metric that tracks sales online and from stores for at least 12 months, rose 8.9%. it just takes a little more work," CFO Richard Galanti said during a post-earnings conference call with analysts. It said it is working speedily to limit out-of-stocks in grocery and household necessities. ![]() It also said, in some instances, it is placing limits on how much people can purchase. The company told analysts Thursday it has been receiving deliveries daily. Throngs of shoppers this past weekend and into this week have flocked to Costco stores across the country to stock up on water, paper towels, sanitizing wipes and other household goods. For the month ended March 1, same-store sales were up 12.1%. Gordon Haskett analyst Chuck Grom had been calling for monthly same-store sales growth of 7.5%. Shop Costco Business Center for a wide selection of Office Supplies, Candy & Snacks, Disposables, Janitorial, Grocery and more for business and home use. Costco said the impact boosted its monthly same-store sales for February by roughly 3%. ![]()
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