Costco Reveals Precious Metals Boosting Online Sales
In its latest earnings call, Costco announced that total growth recorded in e-commerce sales in the third quarter was led by silver and gold bullion, appliances and gift cards. Gary Millerchip, the company’s chief financial officer, revealed that they recorded a more than 20% increase in online sales in the last quarter. The company’s latest earnings exceed Wall Street’s expectations, noting in its statement that their members flocked to their warehouses looking for quality goods at affordable prices. In December 2023, the company revealed that it was selling gold bars worth more than $100 million in a quarter, noting that…