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Costco Reports About 8% Sales Growth for November and Early Quarter as Digital Leads

Digital channels outpaced the company’s mid-single-digit comparable growth.

Overview

  • Costco reported November net sales of $23.64 billion, up 8.1% from a year earlier.
  • For the first quarter to date, net sales were $65.98 billion for 12 weeks and $71.97 billion for 13 weeks, both up 8.2% year over year.
  • Total comparable sales rose 6.9% for the four-week period and 6.4% for the 12- and 13-week periods.
  • Excluding gasoline-price and foreign-exchange effects, comparable sales increased 6.4% for the four- and 12-week periods and 6.3% for the 13-week period.
  • Digitally enabled sales rose 16.6% for the four-week period and 20.5% for the 12-week period, with 19.7% growth for the 13-week measure.