Costco Sees Net Sales Growth Of 7.5% In June
Costco Wholesale Corporation reported net sales growth of 7.5% in June to $14.57 billion (€12.9 billion) from $13.55 billion (€12 billion) in the same period last year.
The company's net sales grew 8% year on year to $126.13 billion (€111.9 billion) in the forty-four weeks ended 7 July 2019, from $116.81 billion (€103.6 billion) in the previous year.
The company's overall comparable sales increased by 5.4% in June with its US markets witnessing the highest growth of 6.3%.
In the e-commerce segment, comparable sales grew 15.7% during the same period.
In the forty-four weeks ended 7 July 2019, the company's comparable sales grew 6.2% year on year with the USA witnessing an 8% growth.
Comparable sales in the e-commerce segment for the period grew 23.2%.
Costco operates a total of 776 warehouses, out of which 539 are in the United States and Puerto Rico.
It also operates 100 warehouses in Canada, 39 in Mexico, 28 in the United Kingdom, 26 in Japan, 16 in Korea, 13 in Taiwan, 11 in Australia, two in Spain, and one each in Iceland and France.
The company offers e-commerce services in the US, Canada, the United Kingdom, Mexico, Korea, and Taiwan.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.