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Costco Sees Substantial E-Commerce Jump In April 2018

Published on May 11 2018 12:10 PM in Retail tagged: E-Commerce / Costco / quarterly report / April

Costco Sees Substantial E-Commerce Jump In April 2018

US wholesaler Costco has reported an increase of 43.1% in e-commerce trading for the month of April, and a 34.9% increase in same in its 2018 fiscal year to date.

In terms of total sales, Costco reported net sales of $10.81 billion (€9.09 billion) for the retail month of April, an increase of 13.1% compared to the $9.56 billion it reported last year.

Costco said that the calendar shift of Easter positively impacted comparable sales by 1% or 2%.

For the thirty-five weeks of the fiscal year 2018 ended May 6, 2018, the wholesaler reported net sales of $92.24 billion(€77.60 billion), an increase of 12.2% compared to the $82.24 billion (€69.18 billion) last year.

Excluding the impacts of changes in gasoline prices and foreign exchange net sales only grew by 7.3% for the month of April, and 6.8% for the fiscal year.

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O'Sullivan. Click subscribe to sign up to ESM: European Supermarket Magazine.

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