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Costco inventory evolves after hours as sales increase 14% in July

Costco Wholesale Corp. COST,
+ 0.05%
said on Wednesday that sales in July were up 14% to $ 13.04 billion, from $ 11.43 billion in July 2019. Sales in the same store were up 13.2%, including a 13.3% increase in the US sales in the same store. E-commerce sales were up 75.3%, the company said. That follows a June when sales rose 11%. According to FactSet, Costco will release its fourth quarter fiscal results on September 24, with expected quarterly revenues of $ 50.95 billion. Costco’s shares rose 1.5% in the extended session, after rising less than 0.1% to close the regular trading day at $ 339.37.

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