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:
5 Weeks | 22 Weeks | |||||||||
Retail Month | Fiscal Year | |||||||||
U.S. | 4.9 | % | 8.2 | % | ||||||
Canada | 8.3 | % | 10.0 | % | ||||||
Other International | 9.8 | % | 11.2 | % | ||||||
Total Company | 6.0 | % | 8.8 | % | ||||||
E-commerce | 34.8 | % | 31.2 | % | ||||||
Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
5 Weeks | 22 Weeks | |||||||||
Retail Month | Fiscal Year | |||||||||
U.S. | 3.6 | % | 6.7 | % | ||||||
Canada | 1.3 | % | 3.3 | % | ||||||
Other International | 0.6 | % | 6.3 | % | ||||||
Total Company | 2.9 | % | 6.1 | % | ||||||
E-commerce | 32.9 | % | 29.8 | % | ||||||