Costco is Printing Cash🤑 Do you shop at Costco or Sams Club? From Market Watch, “Costco Wholesale Corp. started the year off with yet another sales gain, saying in a release that revenue last month rose 9.2% year over year to $19.51 billion. For the four weeks ending Feb. 2, same-store sales rose 7.5%, Costco COST +1.10% said on Wednesday. Sales in the smaller e-commerce segment rose 13.6%. Traffic was up during the month, and higher gas prices helped nudge sales higher, according to a recorded message discussing the results. A tougher foreign-exchange backdrop acted as a counterweight, however. Costco shares incher 0.1% higher after hours on Wednesday. As of the close of trading Wednesday, the stock was up 44.9% over the past 12 months. The sales increase for January follows a slightly higher gain in December, when holiday-season demand and a jump in online sales helped results. More shoppers, stretched by higher costs of living, have turned to the biggest retailers — like Costco, Walmart Inc.”
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