Costco's Sales for June Rise Almost 17%
July 08 2021 - 4:49PM
Dow Jones News
By Allison Prang
Costco Wholesale Corp. said sales rose 16.9% for the retail
month of June compared to a year ago.
The company logged $18.92 billion in sales for the period which
rose from $16.18 billion a year earlier. The five-week period ended
July 4.
Costco's total comparable sales rose 14.1%. They were highest in
Canada, which saw an increase of 23.4%. E-commerce sales rose
20.8%.
When taking out impacts from changes in gas prices and foreign
exchange, comparable sales increased 7.9%. Those also rose the most
in Canada, rising 8.9%. E-commerce sales, taking out those factors,
rose 18%.
The company said because of Memorial Day's shift on the
calendar, the June retail month this year was a shopping day
shorter than last year, which hurt sales by about one and one half
to two percent.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
July 08, 2021 16:49 ET (20:49 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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