August 7, 2014
Costco saw a boost in net sales and same-store sales during the month of July.
Net sales totaled $8.55 billion for the four weeks ended August 3, an increase of 9% from $7.87 billion during the similar four-week period last year.
Same-store sales increased 5%, while U.S. same-store sales also increased 5% during the period.
For the 48 weeks ended August 3, net sales were $101.43 billion, an increase of 7%. During the 48 weeks, same-store sales increased 4%. In the United States, same-store sales rose 5%. Costco currently operates 660 warehouses, including 466 in the United States and Puerto Rico, 88 in Canada, 33 in Mexico, 25 in the United Kingdom, 20 in Japan, 11 in Korea, 10 in Taiwan, six in Australia and one in Spain.
The company plans to open up to an additional three new warehouses prior to the end of its fiscal year on August 31.
Source: Retailing Today
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