The membership warehouse club has revealed that its net sales climbed 15.3% to top $70.8 billion and shoppers rang up $222.7 billion in net sales, a 15.9% increase from fiscal 2021.
The retailer reported net earnings of $183 million in the second quarter of fiscal 2022, down a whopping 90% from $1.82 billion in the same quarter a year earlier.
According to the latest Brick Meets Click/Mercatus Grocery Shopping Survey, high prices helped propel a 17% increase in e-commerce grocery sales in July.