Costco Wholesale Corp. kept up its momentum in April — in-store and online.
The membership warehouse club retailer reported net sales of $19.80 billion for the retail month of April (ended May 5), up 7.1% from $18.48 billion in the year-ago period. (Costco noted that April 2024 was impacted by the shift in timing of Easter, which negatively impacted total and comparable sales by a little more than 0.5%.)
Total company comparable-store sales rose 5.6% in April, with a 5.8% increase in U.S. clubs. E-commerce comps rose 14.6%. Total comps excluding the impacts from changes in gasoline prices and foreign exchange rose 5.5%.
For the first 35 weeks, Costco’s net sales rose 7% to $166.44 billion. Total comparable sales rose 5.2%, with e-commerce up 14.7%.
Costco currently operates 876 warehouses, including 604 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 33 in Japan, 29 in the United Kingdom, 18 in Korea, 15 in Australia, 14 in Taiwan, six in China, four in Spain, two in France, and one each in Iceland, New Zealand and Sweden.
The company also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia.