Costco Reports March Sales Results
ISSAQUAH, WA - Costco is once again touting admirable success in the retail sector. The retailer pulled back the curtain on recent growth with the reveal of its March sales results, which showcased several specific metrics on the up and up for the retail giant.
Costco reported net sales of $18.21 billion for the retail month of March, which was the five weeks that ended April 4, 2021. This is an increase of 17.6 percent from its report of $15.49 billion in net sales last year, according to the report.
For the thirty-one-week period ending April 4, 2021, Costco reported net sales of $111.37 billion, an increase of 15.7 percent from the reported $96.25 billion that was seen during a similar period last year.
Comparable sales also show that Costco’s Canadian business was outpacing U.S. operations, as the retailer reported 28.3 percent sales in Canada versus 13.9 percent in the U.S. for the five-week period. For the 31-week period, Costco’s Canadian sales showed 17 percent, while 12.6 percent was attributed to the U.S.
Costco currently operates 807 warehouses, with 559 in the United States and Puerto Rico, 104 in Canada, 39 in Mexico, 29 in the United Kingdom, 28 in Japan, 16 in Korea, 14 in Taiwan, 12 in Australia, three in Spain, and one in Iceland, France, and China. The retailer also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
As the retailer continues to bolster its growth in the sector, more news will surely emerge. So, keep an eye out for ANUK.