Costco (COST) Reports March Sales Results and Announces an Increase in Its Quarterly Cash Dividend
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $23.48 billion for the retail month of March, the five weeks ended April 7, 2024, an increase of 9.4 percent from $21.46 billion last year.
Net sales for the first 31 weeks were $146.64 billion, an increase of 6.4 percent from $137.77 billion last year.
Comparable sales for the periods ended April 7, 2024 were as follows:
| 5 Weeks | 31 Weeks | |||
| U.S. | 7.3% | 3.8% | ||
| Canada | 8.9% | 8.1% | ||
| Other International | 8.6% | 9.6% | ||
| Total Company | 7.7% | 5.2% | ||
| E-commerce | 28.3% | 14.8% | ||
Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
| 5 Weeks | 31 Weeks | |||
| U.S. | 7.4% | 4.3% | ||
| Canada | 7.3% | 8.5% | ||
| Other International | 8.4% | 7.9% | ||
| Total Company | 7.5% | 5.3% | ||
| E-commerce | 28.0% | 14.5% | ||
This year’s retail month of March was impacted by the shift in timing of Easter. The shift positively impacted total and comparable sales by approximately one-half percent.
Additional discussion of these results is available in a recorded message. It can be accessed by visiting investor.costco.com (click on “Events & Presentations”). This message will be available through 4:00 p.m. (PT) on Wednesday, April 17, 2024.