Costco (COST) Nov. Comps Increase 9.2%
Costco Wholesale Corporation (Nasdaq: COST) today reported net sales of $12.77 billion for the retail month of November, the four weeks ended December 2, 2018, an increase of 9.8 percent from $11.63 billion last year.
For the twelve-week first quarter ended November 25, 2018, the Company reported net sales of $34.31 billion, an increase of 10.3 percent from $31.12 billion during the similar period last year.
For the thirteen weeks ended December 2, 2018, the Company reported net sales of $37.57 billion, an increase of 10.2 percent from $34.09 billion during the similar period last year.
Comparable sales were as follows:
| 4 Weeks | 12 Weeks | 13 Weeks | |||||||
| November | Q1 FY ‘19 | YTD ‘19 | |||||||
| U.S. | 12.2% | 11.0% | 11.1% | ||||||
| Canada | 1.8% | 2.4% | 2.2% | ||||||
| Other International | 0.7% | 4.0% | 3.4% | ||||||
| Total Company | 9.2% | 8.8% | 8.7% | ||||||
| E-commerce | 46.1% | 32.3% | 34.5% | ||||||
Comparable sales excluding the impacts from changes in gasoline prices, foreign exchange and a previously disclosed accounting change concerning revenue recognition (ASC 606) were as follows:
| 4 Weeks | 12 Weeks | 13 Weeks | |||||||
| November | Q1 FY ‘19 | YTD ‘19 | |||||||
| U.S. | 10.1% | 8.3% | 8.4% | ||||||
| Canada | 5.0% | 5.5% | 5.3% | ||||||
| Other International | 3.7% | 5.8% | 5.5% | ||||||
| Total Company | 8.5% | 7.5% | 7.5% | ||||||
| E-commerce | 34.0% | 26.2% | 27.9% | ||||||