We could all take a page from Costco’s industry playbook, as the retailer continues to make strides worldwide. This was evidenced by its most recent financial results. Looking at the 52-week fiscal year ended August 28, 2022, the chain reported a net sales gain of $30.6 billion, jumping to $222.7 billion from the $192.1 billion earned during a similar period last year.
Sharing a look at its August sales results, the wholesaler has revealed net sales of $17.55 billion for the four weeks ended August 28, according to a press release. This gain represents an increase of 11.4 percent, or $1.8 billion, from the $15.75 billion reported last year.
Costco also reported net sales of $70.8 billion for the 16-week fourth quarter ending August 28, 2022, showcasing a 15.3 percent increase from $61.4 billion during a similar period last year.
More information on the grocer’s August sales results can be found here.
We will continue to keep an eye on this fast-growing grocer as more news comes to light.