Costco Wholesale Corporation has reported a net sale of $17.85bn for April 2023, which is a 3.0% increase from the previous year’s sales of $17.33bn.
For the thirty-five weeks ending on 30 April 2023, the company reported net sales of $155.62bn, a 5.6% increase from last year’s sales of $147.33bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The report shows that the company’s US sales increased by 0.9% for the four weeks and 5.1% for the thirty-five weeks.
The Canadian sales increased by 0.5% for the four weeks and 1.7% for the thirty-five weeks.
Other international sales also increased by 4.9% for the four weeks and 1.4% for the thirty-five weeks.
The total company sales increased by 1.4% for the four weeks and 4.1% for the thirty-five weeks.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn addition, the report also detailed the decrease in e-commerce sales by 5.9% for the four weeks and 7.6% for the thirty-five weeks.
Comparable sales, excluding the impacts from changes in gasoline prices and foreign exchange, reported a decrease in US sales by 2.9% for the four weeks and 4.9% for the thirty-five weeks.
Meanwhile, Canadian sales increased by 8.3% for the four weeks and 8.5% for the thirty-five weeks.
Other international sales increased by 7.5% for the four weeks and 8.9% for the thirty-five weeks. The total company sales increased by 4.3% for the four weeks and 5.9% for the thirty-five weeks.
Costco currently operates 851 warehouses worldwide, including 585 in the US and Puerto Rico. The company also operates e-commerce sites in several countries.
The US-based retailer generated $99bn in net sales for the 22 weeks to 29 January, an increase of 7.5% from $92.1bn a year earlier.
