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Costco sees online sales surge in Q4 results

It wasn’t just the weather that was hot in August.

Costco Wholesale was on fire in August, as total same-store sales rose 9.2% (or 8.9% excluding the impacts of gasoline and currency fluctuations). It was the retailer’s 14th consecutive month of positive comparable sales. Comparable store sales in the U.S. were up 11.3%.

Costco’s online sales surged 23.8% in August. The increase comes amid an increased online push by the retailer, including an updated partnership with Instacart.

For the fourth quarter, Costco’s net sales rose 5% to $43.4 billion. Total company same-store sales rose 9.5%.

For the fiscal year ended Sept. 2, Costco’s net sales rose 9.7% to $138 billion.

Costco currently operates 762 warehouses, including 527 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 28 in the United Kingdom, 26 in Japan, 15 in Korea, 13 in Taiwan, 10 in Australia, two in Spain, one in Iceland, and one in France. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, and Taiwan.
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