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Industry NewsCostco March sales top market expectations

Costco March sales top market expectations


Costco Wholesale Corp. sales increased 17.6 per cent in March 2021 when compared to the same period last year, reaching $18.21 billion compared to $15.49 billion in 2020. 

Comparable sales in Canada for the five week period increased by 28.3 per cent and e-commerce for the company overall jumped 57.7 per cent. When excluding the impacts from changes in gasoline prices and foreign exchange, comparable sales for Canada for the same five week period were 13 per cent.

This year’s five-week March 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 one and one-half to two percent.

For the thirty-one weeks ended April 4, 2021, the Company reported net sales of $111.37 billion, an increase of 15.7 per cent from $96.25 billion during the similar period last year.

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