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Costco sees boost in March sales

BY Antoinette Alexander

ISSAQUAH, Wash. — Costco announced on Thursday that its March sales increased 8% to $10.43 billion.

This year’s five-week period, ended April 6, included 35 days of sales compared to 34 last year, reflecting the timing of Easter. This calendar shift positively impacted this year’s net and comparable sales by an estimated 1 to 1.5%, the company stated.

During March, same-store sales rose 6% in the United States. For the total company, same-store sales increased 5% during that period.

For the 31 weeks ended April 6, Costco reported net sales of $64.65 billion, an increase of 6% from $61.02 billion during the similar period last year. U.S. same-store sales rose 4% for the period and 3% for the total company.
 

 

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