Costco Logs More Than $42 Billion in 1Q Sales
December 02 2020 - 05:11PM
Dow Jones News
By Micah Maidenberg
Costco Wholesale Corp. on Wednesday reported $42.35 billion in
sales for the first quarter, reflecting heightened consumer demand
for the chain's food products and other merchandise as the
coronavirus continued to spread this fall.
Analysts polled by FactSet expected sales of $41.7 billion for
the period.
Comparable sales, excluding changes in gasoline prices and
adjustments for currency fluctuations, were up 17.1% year over
year, the Issaquah, Wash.-based retail chain said.
Comparable sales that included those adjustments for the 12-week
quarter were up 17% in the U.S., 16.8% in Canada and 17.7% in other
international markets. Ecommerce comparable sales were up more than
86%.
In the four-week period that ended Nov. 29, after Thanksgiving,
comparable sales were up 14.6% to $15.67 billion, Costco said.
(END) Dow Jones Newswires
December 02, 2020 16:56 ET (21:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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