Costco Wholesale Corporation reported net sales of $30.0B for the retail month of September, an increase of 13.0% from a year ago. Comparable sales for the five-week period that ended October 4 were up 11.4%, including a 12.5% increase in the U.S., a 6.3% rise in Canada, and a 10.8% gain for other international markets, while e-commerce comparable sales shot up 19.0% for the month. After stripping out the impact of foreign exchange and gas prices, comparable sales were up 7.6% during the month, including an increase of 8.0% in the U.S. The Issaquah, Washington-based company said a calendar shift from Labor Day, which occurred one week later this year in the U.S. and Canada, positively impacted September total and comparable sales by a little more than 50bps, and it pointed to category strength in sundries, frozen food, gas, housewares, gift cards, and the food court. Costco currently operates 939 warehouses, including 647 in the United States and Puerto Rico, 115 in Canada, 43 in Mexico, 37 in Japan, 29 in the United Kingdom, 20 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, three in France, two in Sweden, and one each in Iceland and New Zealand.
Costco Wholesale CorpCostco reported September net sales up 13.0% to $30.0B with comparable sales up 11.4% and e-commerce comps up 19.0%, reflecting strong end-customer demand.
Costco Wholesale Corporation
