Costco’s sales in its fiscal year ended August 31 jumped by more than $20 billion year over year after revenue gains by the warehouse club operator in the the fourth quarter and month of August.
For the full fiscal year, Costco reported net sales of $269.9 billion versus $249.6 billion in the year before. Comparable sales without the effects of gasoline price and foreign exchange volatility were positive 7.6% for the company. Costco clubs in the United States posted 7.3% gain, those in Canada increased 8.3%, those in other international markets were up 8.2%, and e-commerce gained 16.1%.
For the fourth quarter, Costco reported net sales of $84.4 billion versus $78.2 billion in the year-past period. Comps excluding gasoline price and foreign exchange effects were positive 6.4% with clubs in the U.S. up 6%, those in Canada up 8.3, those in other international markets up 7.2%, and e-commerce gaining 13.5%, the company stated.
In the fiscal month of August, Costco reported that net sales were $21.56 billion versus $19.83 billion in the year-prior period. Comps sales were positive 6.9% without gasoline and foreign exchange effects, with U.S. clubs up 6.7%, those in Canada up 9.4%, those in other international markets up 5.3%, and e-commerce gaining 18.3%.
Costco operates 914 warehouse clubs, including 629 in the United States and Puerto Rico, 110 in Canada, 42 in Mexico, 37 in Japan, 29 in the United Kingdom, 20 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, two in Sweden and one each in Iceland and New Zealand. The company also operates e-commerce web sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia.
