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Industry NewsCostco’s Canadian sales down in April

Costco’s Canadian sales down in April


Costco Wholesale Corp. reported net sales of $11.6 billion for the retail month of April.

That figure is a 7.3 per cent increase over the $10.81 billion reported for April of last year. Net sales were $99.89 billion, up 8.3 per cent on the $92.24 billion reported in April 2018.

Canadian sales were down 1.9 per cent month-over-month, and increased only slightly – 1.1 per cent – for the 35 week period ending May 5. Excluding the impact from gasoline price changes, foreign exchange and an accounting change related to revenue recognition, Canadian sales rose 2.3 per cent in the month, and 5.4 per cent for the 35 week period.

Read Costco’s statement here.

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