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06/04/2021

Costco reports sales gain in May

The retailer reported that its sales rose 24.2% to $15.59 billion in May, and same-store sales rose 22.8%.

Costco racked up healthy sales gains in May as more consumers return to stores. 

Sales rose 24.2% to $15.59 billion in May. This year’s May retail month had one additional shopping day versus last year, Costco said.)

Total same-store sales rose 22.8%, Online sales increased 12%, down from the big increases the retailer saw during the height of the pandemic.

For the 39 weeks ended May 30, 2021, Costco reported net sales of $142.17 billion, an increase of 18.3% from $120.19 billion last year. Online sales are up 58.9%.

Costco currently operates 809 warehouses, including 559 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 29 in the United Kingdom, 29 in Japan, 16 in Korea, 14 in Taiwan, 12 in Australia, three in Spain, and one each in Iceland, France, and China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.

This story originally appeared on Chain Store Age

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