Costco Sales Up

Costco Wholesale Corporation net sales were $42.35 billion for the first quarter of 2020, up 16.9 per cent from net sales of $36.24 billion in the same period last year. Net income was $1,166 million for the quarter, up from last year’s $844 million. The company says this year’s results reflect an expense for COVID-19 premium wages of $212 million pre-tax.