Once again, Costco has reported impressive sales in its monthly report. The retail month of January was a successful financial period for the retailer, as it reported net sales of $104.94 billion, an increase of 6 percent from $99 billion for the same period in 2023.
This period reflects the 22 weeks ended February 4, 2024.
For the five weeks ended February 4, 2024, Costco reported net sales of $22.08 billion, an increase of 4.5 percent from $21.13 billion last year.
While specific details of this sales growth were not shared, we suspect Costco’s investments in new store openings played a role in its success compared to last year.
According to the report, Costco currently operates 874 warehouses, including 602 in the United States and Puerto Rico. Costco also operates e-commerce sites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
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