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Industry NewsCostco posts rise in November sales for Canada, U.S.

Costco posts rise in November sales for Canada, U.S.

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Costco Wholesale Corporation reports that November sales increased 15.7 per cent to $18.13 billion from $15.67 billion last year.

Comparable sales in Canada increased 15.7 per cent for the four-week period (7.6 per cent excluding impacts from changes in gasoline prices and foreign exchange) and in the U.S. sales were 14.4 per cent for the four weeks (9.1per cent excluding gasoline prices and foreign exchange). E-commerce comparable sales climbed 12.2 per cent (11.7 per cent excluding gasoline prices and foreign exchange) for the four-week period.

For the twelve-week first quarter ended November 21, 2021, the company reported net sales of $49.42 billion, an increase of 16.7 per cent from $42.35 billion last year. For the thirteen weeks ended November 28, 2021, Costco reported net sales of $54.10 billion, an increase of 16.8 per cent from $46.33 billion last year. 

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