Costco posts strong April results

Issaquah, Wash. – Despite one less selling day this April versus a year ago, Costco Wholesale Corporation managed a 7% boost in net sales for the four weeks.

Sales came in at $8.56 billion for the month, ended May 4, compared to last April’s $7.98 billion. As Costco explained, this year's four-week period included 27 days of sales compared to 28 last year, reflecting the timing of Easter – a calendar shift that “negatively impacted this year's net and comparable sales by an estimated 1.5% to 2%.”

Excluding positive impacts from inflation on gasoline prices coupled with negative impacts from foreign currencies, comps for the four weeks were up 5% in the U.S., 2% internationally, and 5% for the total company.

For the thirty-five weeks ended March 4, Costco reported a 6% increase in net sales to $73.21 billion from $69.00 billion last year.

Excluding negative impacts from both inflation in gasoline prices and foreign currencies, comps for the 35-week period were up 4% in the U.S., 1% internationally, and 3% for the total company.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!