Costcoholics come out in droves in March
For the five weeks ended April 2, Costco reported net sales of $11.64 billion, an increase of 9 percent from $10.71 billion during the similar period last year. This year’s total reflects one additional sales day due to the timing of Easter, which positively impacted net and comparable sales by an estimated one to one and one-half percent.
For the thirty-one weeks ended April 2, 2017, the company reported net sales of $72.82 billion, an increase of 6 percent from $68.96 billion during the similar period last year.
The company reported a 7% increase in US. comparable sales for these periods, excluding the impacts from changes in gasoline prices and foreign exchange.
Costco currently operates 729 warehouses, including 508 in the United States and Puerto Rico, 95 in Canada, 37 in Mexico, 28 in the United Kingdom, 25 in Japan, 13 in Korea, 13 in Taiwan, eight in Australia and two in Spain. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan.