Throughout this past year, Costco has become a staple for American consumers—in even more ways than it was before. The retailer reported striking sales numbers for its November retail month, as well as its first fiscal quarter of 2021. For November, Costco saw net sales of $15.67 billion. For its 2021 first quarter, which ended November 29, 2020, it saw net sales of $46.33 billion, an increase of 16.0 percent from last year.
According to a press release, Costco’s November net sales increased 15.1 percent from $13.62 billion compared to last year’s. In the twelve-week first quarter, Costco reported net sales of $42.35 billion, an increase of 16.9 percent from $36.24 billion last year.
Excluding the impacts from changes in gasoline prices and foreign exchange, other key takeaways for the 12-week first quarter include:
As consumers continue to opt for grocery delivery and online shopping, Costco’s e-commerce continues to see huge increases compared to last year.
Currently, Costco operates 803 warehouses, including 558 in the United States and Puerto Rico; 102 in Canada; 39 in Mexico; 29 in the United Kingdom; 27 in Japan; 16 in Korea; 14 in Taiwan; 12 in Australia; three in Spain; and one each in Iceland, France, and China. The retailer also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan, and Australia.
The retail sector proves to be as dynamic as ever, and we here at Deli Market News are always ready to report.
