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Benzinga
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Costco Shares Rise After Sales Climb 8% In June

1. Costco's June net sales hit $26.44 billion, up 8% year-over-year. 2. Total comparable sales rose 5.8% during the five-week period. 3. U.S. comparable sales increased 4.7%, Canada up 6.7%, international 10.9%. 4. Year-to-date net sales reached $227.46 billion, also an 8% increase. 5. Costco shares were up 1.11% after-hours, now trading at $982.09.

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FAQ

Why Bullish?

The consistently increasing sales figures and positive growth trajectory signal strong consumer demand.

How important is it?

Robust sales growth enhances Costco's market position, attracting investment interest and potentially increasing stock value.

Why Short Term?

Positive sales results will likely boost investor confidence and price movement in the short term.

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