Costco shoppers stocked up on supplies in anticipation of the US port strike and Hurricane Helene. Costco says the "abnormal" activity had a measurable impact on monthly sales.
Wholesale retailer Costco (COST) reported a boost in September sales in the lead-up to Hurricane Helene and the port workers' strikes. Catalysts co-hosts Seana Smith and Madison Mills dig into Costco's latest same-store sales figures Weather Trends International Founder and CEO Bill Kirk joined the program earlier in the week to outline how major retailers interpret extreme weather forecasts in relation to their sales and inventory trends.
Retailer Costco notched a strong September. Hurricane Milton will likely provide a boost this month, and big storms could prove a regular thing.
Shoppers didn't pinch pennies at Costco (COST) last month.
Costco's September sales rose 9%, with one key week boosting sales further.
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Costco's sales growth was weak in the fourth quarter, but this segment was strong.
Costco is cutting the prices of numerous Kirkland Signature items despite recently increasing its membership fees for the first time in seven years.
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Costco has long been known for its stability and strong customer base, even in the face of broader economic headwinds.