Costco stock advances after hours as July sales rise 14%

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Costco Wholesale Corp. said Wednesday that July sales rose 14% to $13.04 billion, from $11.43 billion in July 2019. Same-store sales rose 13.2%, including a 13.3% increase in U.S. same-store sales. E-commerce sales increased 75.3%, the company said. That’s following a June where sales gained 11%. Costco is scheduled to report fiscal fourth-quarter results Sept. 24, with expected quarterly sales of $50.95 billion, according to FactSet. Shares of Costco rose 1.5% in the extended session, following a less than 0.1% rise to close the regular trading day at $339.37.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.