Costco has seen a significant increase in its sales, partly due to its venture into selling 24-karat gold and silver, which has contributed to boosting same-store sales. The company reported net sales of $23.48 billion for the retail month of March, marking a 9.4 percent increase from $21.46 billion last year. Total sales for the first 31 weeks were $146.64 billion, an increase of 6.4 percent. This surge has been attributed to a $200 million monthly sales figure in gold bullion alone, suggesting Americans are hoarding gold due to anticipated bad times ahead. Additionally, Costco has raised its quarterly dividend to $1.16 per share, up from $1.02, reflecting a 14% increase. This financial maneuvering comes amidst a broader strategy that includes a sharp rise in e-commerce sales.
The warehouse club has seen a spike in sales ever since it began selling 1-ounce bars of 24-karat gold last September. https://t.co/hUzAHoYuFU
Costco boosts its dividend by 14% while touting sharp rise in e-commerce sales https://t.co/PcRBFBNIBi
$COST dividend raise📈 https://t.co/R4Pigco8Nl
$COST COST: reported net sales of $23.48 billion for the retail month of March, the five weeks ended April 7, 2024, an increase of 9.4 percent from $21.46 billion last https://t.co/aBgYUqLout sales for the first 31 weeks were $146.64 billion, an increase of 6.4 percent from…
COSTCO $COST JUST INCREASED ITS DIVIDEND Costco just declared a quarterly dividend of $1.16 per share up from its previous dividend of $1.02 per share
$200 million a month in #gold bullion sales at Costco $COST? Why are Americans hoarding so much gold? Answer: bad times ahead $GLD $GOAU #Bullion #GoldBars #preciousmetals https://t.co/MMYxxRDF9t
Costco gold and silver sales are boosting same-store sales, but profits elusive https://t.co/weCvr0U7ja