Costco's Adjusted Comparable Net Sales Rise Almost 17% Over Five Weeks

By Allison Prang

Costco Wholesale Corp. said adjusted comparable net sales for the five weeks that ended Monday climbed almost 17% from the same period a year ago.

The company logged $16.84 billion in net sales for the handful of weeks that ended Oct. 5, it said.

Comparable total company sales rose 15.5% for that five-week period, while comparable e-commerce sales rose 90.3%, Costco said. Comparable U.S. sales rose 14.5%, comparable Canada sales increased 17.5% and comparable other international sales increased 18.5%.

Costco said comparable sales that don't include the effects of change in gas prices and foreign exchange were up 16.9% for the whole company and up 90.1% for e-commerce. Those sales rose 16.7% for the U.S., 18% for Canada and 17.5% for elsewhere internationally, Costco reported.

The company said the shift in the Labor Day holiday in the U.S. and shift in the Moon Festival in Asia both helped results by slightly less than 100 basis points combined.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

October 07, 2020 16:46 ET (20:46 GMT)

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