Costco Wholesale Corp. on Wednesday reported $42.35 billion in sales for its fiscal first quarter, reflecting heightened consumer demand for the chain's food products and other merchandise as the coronavirus continued to spread this fall.
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Analysts polled by FactSet expected sales of $41.7 billion for the period.
Comparable sales, excluding changes in gasoline prices and adjustments for currency fluctuations, were up 17.1% year over year, the Issaquah, Wash.-based retail chain said.
Comparable sales that included those adjustments for the 12-week quarter were up 17% in the U.S., 16.8% in Canada and 17.7% in other international markets. Ecommerce comparable sales were up more than 86%.
In the four-week period that ended Nov. 29, after Thanksgiving, comparable sales were up 14.6% to $15.67 billion, Costco said.