All Posts in "Sales"

Costco’s Gross sales Impress All over again in June

The COVID-19 pandemic drove a big profits surge for Costco Wholesale (NASDAQ:Value) at the time the preliminary round of lockdowns eased last spring. Costco’s sales momentum ongoing into 2021, many thanks to a broader surge in retail investing.

That said, June represented a test of kinds for the warehouse club huge, as it confronted its toughest yr-around-12 months comparison nevertheless. Unsurprisingly, Costco handed the check with flying colors, delivering a different robust product sales increase previous month.

Sales traits stay strong

In May well, Costco logged a 14.7% altered equivalent revenue obtain, excluding the effects of gasoline price and exchange level fluctuations. Management observed that the timing of Memorial Working day boosted comp sales development by at minimum 2 proportion points. Yet, the results were being very fantastic provided that modified comparable income experienced improved 9.7% in the prior-calendar year period.

Costco faced an even harder yr-in excess of-12 months

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Shante Abdo by — July 10, 2021 in Costo Travel
Costco Wholesale Corporation Reports June Sales Results

ISSAQUAH, Wash., July 08, 2021 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $18.92 billion for the retail month of June, the five weeks ended July 4, 2021, an increase of 16.9 percent from $16.18 billion last year.

For the forty-four weeks ended July 4, 2021, the Company reported net sales of $161.09 billion, an increase of 18.1 percent from $136.37 billion last year.

Comparable sales were as follows:

           
    5 Weeks   44 Weeks  
  U.S. 12.1%   14.9%  
  Canada 23.4%   21.0%  
  Other International 15.4%   20.2%  
           
  Total Company 14.1%   16.4%  
           
  E-commerce 20.8%   53.4%  
           

Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

           
    5 Weeks   44 Weeks  
  U.S. 7.8%   14.4%  
  Canada 8.9%   13.5%  
  Other International 6.8%   14.5%  
           
  Total Company 7.9%   14.3%  
           
  E-commerce 18.0%   51.5%  
           

This year’s June retail month had one fewer shopping day versus last year, due

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Shante Abdo by — July 9, 2021 in Costo Travel