Costco Releases January Sales Results
ISSAQUAH, WA - January marked not only the start of a new year, but also a strong sales month for Costco Wholesale Corporation. Recently, the retailer reported net sales of $16.84 billion for the four weeks that ended January 29, 2023, a 6.9 percent increase from $15.76 billion last year.
For the 22 weeks ended January 29, 2023, Costco recorded net sales of $99.00 billion, an increase of 7.5 percent from $92.10 billion last year, a release stated.
In addition to a rise in net sales, Costco also noted comparable sales of 6.6 percent for the United States, 2.4 percent for Canada, 3.9 percent internationally, and 5.6 percent for the total company.
This year, Lunar New Year occurred on January 22, 2023, 10 days earlier, which negatively impacted the retailer’s January Other International and Total Company sales by approximately 2 percent and 0.25 percent, respectively.
Costco currently operates 848 warehouses, including 584 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the United Kingdom, 18 in Korea, 14 in Taiwan, 14 in Australia, four in Spain, two each in France and China, and one each in Iceland, New Zealand, and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
To read the report in its entirety, click here.
What will Costco report for February? Stay tuned to AndNowUKnow for answers.