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Industry NewsCostco Canada’s July sales up +4%

Costco Canada’s July sales up +4%

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Costco reported net sales of $11.43 billion for the retail month of July.

For the 48-week period ending August 4, Costco reported net sales of $137.56 billion, up from $127.40 billion during the similar period last year.

Comparable sales in Canada were up 4.8 per cent for the month of July, and 1.5 per cent for the 48 weeks leading up to August 4. Those figures are 5.4 and 5.2 per cent respectively when the impacts from changes in gasoline prices, foreign exchange and a previously disclosed accounting change are factored in.

Comparable sales for the company overall increased 6.2 per cent for the 48 week period leading up to August 4 compared with the same period last year, and 5.6 per cent for the retail month of July.

E commerce sales rose 21.3 per cent for July, and 23.1 per cent for the 48 weeks leading up to August 4.

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