Costco has reported $17.4bn (£11.93bn) net sales for the third quarter, a 12% year-on-year increase.

The results were driven by increased sales of fresh foods, clothing and homewares. Comparable sales for the quarter grew 10%, with a 6% rise at US stores and a 26% rise overseas.

In constant currency terms and excluding fuel, comparable international stores sales rose 8%. Net income for the period jumped 46% to $306m (£209.8m).