Costco says it's getting a lift from coronavirus panic shopping

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Costco says it's getting a lift from coronavirus panic shopping
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Costco says sales in February were up 12.4% from a year ago. The company attributed around 3% of that to 'an uptick in consumer demand' from concerns over coronavirus.

New York Costco logged strong sales growth during its latest quarter, as shoppers raced to stock up on cleaning products, household essentials and food as the coronavirus outbreak spread.

The company said Thursday that sales at its stores open for at least one year, a key metric, increased 9.1% during its previous quarter compared with the same period last year. The Costco Connection is America's fourth biggest magazineSales at Costco in February were up 12.4% from a year ago. The company attributed around 3% of that to"an uptick in consumer demand" from concerns over coronavirus.

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