Costco sales up 15.1% in November
Costco Wholesale Corp.'s sales continued to rise in November, but at a slightly lower pace than in the two previous months.
The retailer reported net sales of $15.67 billion for November (the four weeks ended Nov. 29) up 15.1% from last year. For the 12-week first quarter ended Nov. 22, net sales rose 16.9% to $42.35 billion.
The November revenue increase comes on the heels of a 16% year-over-year sales rise in October, and a 17% increase in September.
Total company comparable sales for November rose 13.4%. E-commerce sales rose 71.3%.
For the first quarter (ended Nov.22), total comparable sales 15.4%. E-commerce sales surged 86.4%.
Costco currently operates 803 warehouses, including 558 in the United States and Puerto Rico, 102 in Canada, 39 in Mexico, 29 in the United Kingdom, 27 in Japan, 16 in Korea, 14 in Taiwan, 12 in Australia, three in Spain, and one each in Iceland, France, and China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.