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Costco Reports on March Sales

04/12/2024

For the five weeks ended April 7th, Costco Wholesale Corporation (COST) posted net sales of $23,480 million for the retail month of March compared to $21,460 million for the corresponding five-week period in 2023.  Comparable sales, excluding foreign exchange and gasoline, the total company increased same-store sales by 7.5 percent with the U.S. at 7.4 percent, Canada at 7.3 percent and Other International at 8.4 percent.  E-commerce increased by 28.0 percent.  The retail month of March was impacted by the timing of Easter and accounted for approximately 0.5 percent in comparable sales.

 

Costco operates 876 warehouses worldwide including 604 in the U.S. and Puerto Rico, 108 in Canada, 40 in Mexico, 33 in Japan, 29 in the U.K. and 62 in Asia, Europe and Australia.