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Industry NewsCostco April sales in Canada up 16%

Costco April sales in Canada up 16%

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Canada led April sales for Costco Wholesale Corp. with sales growing 16 per cent versus U.S. sales at 13.8 per cent during the four-week period ended May 1, 2022. Comparable sales excluding gasoline prices and foreign exchange impacts were up 13.7 per cent in Canada and 8.1 per cent in the U.S.

The company reported net sales of $17.33 billion for the retail month of April, an increase of 13.9 per cent from $15.21 billion last year. For the thirty-five weeks ended May 1, 2022, the company reported net sales of $147.33 billion, an increase of 16.4 percent from $126.58 billion during the similar period last year.

This year’s four-week April retail month had one fewer shopping day versus last year, due to the calendar shift of Easter. This negatively impacted total and comparable sales by approximately two to two and one-half per cent. 

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