DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Costco Sees 7% Sales Growth In May

By Steve Wynne-Jones
Share this article
Costco Sees 7% Sales Growth In May

Costco Wholesale Corporation has announced net sales of $9.86 billion for the four weeks ending 28 May – an increase of 7% compared to the same period last year.

The retailer has also reported net sales of $92.11 billion for the 39 weeks ending 28 May. This represents a 6% increase from the same period last year.

Performance

Costco has stores throughout the US, Canada, and a host of other international markets, such as Puerto Rico, Japan and the UK.

Costco Canada reported a decrease of 2.2% in sales for the last four weeks (ending May 28) as a result of changes in gasoline prices and foreign exchange. Excluding this impact, Canada experienced a growth of 3.3%.

The impact of changes in gasoline prices and foreign exchange helped Costco in the US to achieve stronger sales growth. In the last four weeks it reported a 5.2% growth in sales, which is adjusted to a 4.2% increase excluding the recent impacts.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O’Sullivan. Click subscribe to sign up to ESM: The European Supermarket Magazine.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.