Costco Wholesale Corp. has reported net sales of $11.92 billion for the retail month of October.
That’s an increase of 6.8 per cent from $11.16 billion last year.
For the nine weeks ended November 3, 2019, the Company reported net sales of $26.33 billion, an increase of 6.2 per cent from $24.80 billion last year.
Comparable sales were up 4.9 per cent in Canada for October, and 2.9 per cent over the nine weeks ended Nov. 3. Excluding the impact from changes in gasoline prices and foreign exchange, those figures are 6.5 and 5.4 per cent respectively. With those same exclusions, sales growth for the entire company was 6.3 per cent for October and 4.9 per cent for the nine weeks ended Nov. 3.
E-commerce continues to set the pace for Costco overall, growing 16.7 per cent in October and 17.6 per cent for the nine weeks ended Nov. 3 with the impact of changes in gasoline prices and foreign exchange factored in.