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Costco Monthly Sales, June 2020: Highest Total Comp Growth in the Past Year, but E-Commerce Growth Decelerates

Costco’s global same-store sales increased year over year in June, although e-commerce growth decelerated. We review the comparable sales metrics reported by Costco for June 2020 and consider the factors that impacted results—including coronavirus-led store closures and gasoline price deflation.

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ASOS (LSE: ASC) FY19 Results: Revenues Ahead of Consensus, but Profits Plummet

ASOS FY19 profits plummet, management notes it had “underestimated the impacts of large-scale operational change…on two continents simultaneously” and that the company was “not adequately prepared for the additional complexities of planning and trading across our expanded warehouse footprint.”

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