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Costco Wholesale Posts Increased Sales


According to a company release, June sales for Costco Wholesale Corporation covering the five weeks ending July 3rd increased by 20.4 percent to $22.8 billion compared to the corresponding five-week period in 2021.  Over the 44-weeks year-to-date, net sales were 16.9 percent higher than in 2021 to $188.3 billion.  June comparable warehouse sales increased by 13.0 percent excluding fuel and foreign exchange adjustments compared to 7.9 percent for the corresponding period in 2021.


In separating segments, June comparable sales increased by 13.2 percent in the U.S., 13.7 percent in Canada and 11.9 percent internationally.  E-sales advanced 7 percent.


David Sherwood, V-P for Finance and Investor Relations stated, "this year's five-week June retail month had one additional shopping day in the U.S. benefiting total sales by two percent".  He added, "comparative traffic for June was up 10.2 percent worldwide and 9.0 percent in the U.S. with an average transaction up 7.2 percent that reflected inflation in fuel.


Costco operates 833 warehouses up 23 from 2021 with 574 in the U.S., 107 in Canada, 40 in Mexico and the remainder in Japan, the UK, Korea, Australia, Taiwan, Spain, France and China.