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Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ:COST) today reported net sales of $19.80 billion for the retail month of April, the four weeks ended May 5, 2024, an increase of 7.1 percent from $18.48 billion last year.
Net sales for the first 35 weeks were $166.44 billion, an increase of 7.0 percent from $155.62 billion last year.
Comparable sales were as follows:
| 4 Weeks | 35 Weeks | |
| U.S. | 5.8% | 4.1% |
| Canada | 5.2% | 7.7% |
| Other International | 5.1% | 9.1% |
| Total Company | 5.6% | 5.2% |
| E-commerce | 14.6% | 14.7% |
Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
| 4 Weeks | 35 Weeks | |
| U.S. | 5.2% | 4.4% |
| Canada | 5.9% | 8.2% |
| Other International | 7.0% | 7.8% |
| Total Company | 5.5% | 5.3% |
| E-commerce | 14.8% | 14.6% |
This year's retail month of April was impacted by the shift in timing of Easter. The shift negatively impacted total and comparable sales by a little more than 0.5 percent.
Additional discussion of these results is available in a pre-recorded message. It can be accessed by visiting investor.costco.com (click on "Events & Presentations"). This message will be available through 4:00 p.m. (PT) on Wednesday, May 15, 2024.
Posted In: COST
