When it comes to retailers with such an expansive footprint as that of Costco, reports of sales results are always worth delving into. The retailer announced its March sales results last week, revealing several specific metrics that signify positive trends across its operations.
Costco reported net sales of $18.21 billion for the retail month of March, which was the five weeks that ended April 4, 2021. According to the report, this is an increase of 17.6 percent from its report of $15.49 billion in net sales last year.
For the thirty-one-week period that ended April 4, 2021, Costco reported net sales of $111.37 billion, which is an increase of 15.7 percent from the reported $96.25 billion that was seen during the similar period last year.
Furthermore, comparable sales show that Costco’s Canadian business was outpacing U.S. operations. 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, including 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 each in Iceland, France, and China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
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