Costco (COST) January Comps Rise 6%, or 2.9% Ex-Gas

Costco Wholesale Corporation (Nasdaq: COST) today reported net sales of $12.24 billion for the month of January, the five weeks ended February 4, 2018, an increase of 8.4 percent from $11.29 billion last year.

For the first twenty-two weeks of fiscal year 2018, the Company reported net sales of $58.30 billion, an increase of 11.6 percent from $52.26 billion last year.

This year’s five-week January retail-month had one fewer shopping day versus last year, due to the calendar shift of New Year’s Day. This negatively impacted total and comparable January sales by approximately 3.0%; the twenty-two-week fiscal year to date was not impacted. Additionally, Lunar New Year/Chinese New Year will occur in February this year (as compared to January last year), negatively impacting January sales by approximately 3.5% for Other International and 0.5% for Total Company.

Comparable sales were as follows:

Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

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