1 Stat That Makes Costco Hard to Ignore this September
The warehouse chain's latest sales update gave investors another reason to watch September closely.
Overview
Costco Wholesale's (NASDAQ: COST) final sales update of its fiscal 2026 (which ended Aug. 30) shone a spotlight on a growth engine that is expanding much faster than the overall business. The company's digitally enabled comparable sales (sales initiated through a digital device and fulfilled through a warehouse or distribution center, as well as Costco Travel) rose by 20.9% year over year, more than twice the company's 8.4% total comparable-sales growth.
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Digitally enabled sales surpassed $27 billion and accounted for nearly 10% of Costco's total net sales in its fiscal 2025. Hence, the business has become large enough to influence companywide growth.
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Originally published at www.fool.com.