Costco Wholesale Corp. said sales rose in the most recent quarter, as the warehouse retailer navigates rising costs and shipping snarls that mean some toys will reach its stores after Christmas.
About 79% of Costco’s imports are late by an average of 51 days, Chief Financial Officer Richard Galanti said on a call Thursday. “Virtually, all departments are impacted. We’ve ordered early in many cases,” he said. “In some instances, delayed inventory simply extends the season.”