HomeWorld Business Magazine, homeworldbusiness.com | The Newspaper For Housewares Decision Makers

Costco Posts 4% Same Store Sales Increase For July

Thursday August 8th, 2013 - 11:29AM


Costco Wholesale Corporation reported net sales of $7.87 billion for the month of July, the four weeks ended August 4, 2013, an increase of 7%, as compared with $7.36 billion during the similar period last year.

Same-store sales for the four-week period were up 4%, compared with the same period last year. According to a Reuters report, comparable-store sales for the month were lower than analysts’ estimates of 5.1%. Higher gasoline prices helped sales, while foreign exchange rates hurt them in the four-week period.

For the 48 weeks ended August 4, 2013, the company reported net sales of $94.91 billion, an increase of 8% from $87.72 billion during the similar period last year.

Costco currently operates 451 warehouses in the United States and Puerto Rico, 85 in Canada, 33 in Mexico, 25 in the United Kingdom, 17 in Japan, nine in Taiwan, nine in Korea and three in Australia. Costco also operates e-commerce sites in the U.S., Canada and the United Kingdom. The company plans to open two new warehouses prior to the end of its fiscal year on September 1, 2013.