Sales in the third quarter 2021, (ended May 9, 2021) were well ahead of expectations. Net sales increased +21.7% to $44.4 Billion from $36.5 Billion last year. During the quarter, the company opened 6 warehouses and now operates 809 warehouses. Mr. Galanti, Costco’s CFO, stressed the problems stem from port delays, shipping delays, and increased supply chain costs. It has new customers to sustain – a customer who is often younger and eager to buy but in need of quick service.

Source: Forbes May 28, 2021 11:10 UTC