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08/06/2021

Costco reports same-store sales growth in July

The warehouse club retailer’s net sales rose 16.6% to $15.21 billion for the four weeks ended Aug. 1, up from $13.04 billion in the year-ago period.

Costco Wholesale reported strong same-store sales growth in July even as its digital sales growth inched downward.  

The warehouse club retailer’s net sales rose 16.6% to $15.21 billion for the four weeks ended Aug. 1, up from $13.04 billion in the year-ago period.

Total same-store sales increased 13.8%. By division same-store sales in the United States rose 13.1% and 16.5% in Canada. Comp sales were up 14.4% internationally. 

[Related Content: Costco’s e-commerce growth helps fuel sales rise]

Digital sales have started to cool as more people return to in-store shopping. Costco’s e-commerce sales rose 7.4% on a comp basis in July compared to 20.8% in June and 75.3% in the year-ago period.

Worldwide, the average transaction for July was up 6.4%, David Sherwood, assistant VP of finance and investor relations at Costco, said during the company’s call with investors.

In the 48-week year-to-date period, Costco’s net sales totaled $176.3 billion, up 17.8% from $149.66 billion a year ago. Total comp sales are up 16.2%.

This story originally appeared on Chain Store Age

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