Costco Wholesale posts 2% lift in January sales despite SB shift and extreme weather

ISSAQUAH, Wash.  - Costco Wholesale on Wednesday reported net sales of $8.3 billion for the four weeks ended Jan. 31, an increase of 2% as compared to the similar period last year. Comparable store sales were up 1% in the U.S.

 

For the twenty-two weeks ended Jan. 31, the company reported net sales of $50 billion, also representing an increase of 2% vs. the year-ago period. In the U.S., same-store sales were up 3%. 

 

"The Super Bowl calendar shift and some extreme weather events negatively impacted our results," noted Jeff Elliot, assistant VP finance and investor relations at Costco Wholesale.