For the five week fiscal month of June, Costco reported net sales of $16.18 billion, up 11.1% from the period a year earlier.
As it coped with the effects of the COVID-19 pandemic, Costco missed a Wall Street earnings per share estimate for the third quarter but posted positive comparable store sales and a big increase in e-commerce comps.
Costco’s store traffic has been a highlight of its performance through the coronavirus outbreak in the U.S., according to traffic tracker Placer.ai.
In the second quarter, Walgreens retail sales in the U.S. edged up as the company prepared for the spread of COVID-19 to the country.
Dollar Tree has reported its comparable sales trends through March 29, with quarter to date comps up 7.1% for namesake stores and up 14.4% for Family Dollar but also with a late moderation of those gains.
As the COVID-19 crisis has evolved, Target said it has been experiencing unusually strong traffic and sales, particularly in its stores and same-day services, as consumers rely on Target for essential items like food, medicine, cleaning products and pantry stock-up items. As a result, the company has adjusted the expected timing of some of its strategic initiatives.