Costco news

26 January 2017
Amidst a difficult economic backdrop, we look at the strategies driving growth at Mexico's leading grocery retailers. Uncertain times for consumers and business The ascent of Donald Trump to the presidency of the US has injected much uncertainty to Mexico's relationship with its larger neighbour to the North. GDP forecasts for 2017 have been cut sharply, with growth of under 2% now expected. Ma...
07 December 2016
We review Costco’s first quarter performance, including its latest ecommerce and market entry initiatives. Growth led Mexico, the UK and South Korea Costco’s first quarter net sales increased by 3.2% to $27.5bn, with comp store sales, excluding fuel and currency impacts, up 2%. The retailer continued to see the strongest comp sales growth in Canada, while Mexico, the UK and South Korea deliv...
03 October 2016
Costco Australia is set to announce record sales, plus is considering further expansion opportunities at sites previously occupied by hardware chain Masters. Another record year for revenue Costco Australia CEO, Patrick Noone, has said that the retailer's sales will be higher than last year, when the retailer generated revenue of AU$1.32bn. Despite the on going popularity of the retailer...
30 September 2016
We review Costco’s fourth quarter and full year performance and its plans for the year ahead, including two new market entries. Full year revenue rises to $116.1bn Costco delivered a solid performance in the fourth quarter, broadly in line with Q3. In Q4, net sales increased by 2.1% to $35.7bn, with comparable store sales (excluding fuel and currency impacts) up 3%. As has been the trend f...
02 June 2016
From accounts filed with Companies House, Costco UK has reported full year sales of £1,904m for the year ending 30 August 2015.  This represents annual growth of 7.1%, continuing the wholesaler's run of years at over 6%.  Gross profit was up by 14.2%, with gross margin improving to 3.0%.  Strong growth has continued into 2015/16 with Costco has indicating that Q1 (to 22 November 2015) in the UK s...
26 May 2016
As Costco reports slowing comparable store sales growth for the third quarter, we look at what’s been driving its performance. Profitability improves as sales growth eases Costco’s third quarter sales increased by 2.5%, with comparable store sales (excluding fuel and currency impacts) up 3%. This included an increase of 8% in Canada, its strongest international performance. Profitability a...
14 April 2016
Costco in Australia is looking to further cement its growing popularity with shoppers, through the set up of its first distribution centre and also opening more sites in major cities. Network could grow to 25 stores within four years Costco currently trades from eight stores in Australia and has a presence in Sydney, Melbourne, Canberra, Adelaide and Brisbane. It has already opened more ...
03 March 2016
We review Costco’s performance as it reaches the halfway point of its financial year. Canada leads Costco’s sales growth Costco’s second quarter sales increased by 2.6% to $27.6bn, with comparable store sales up 5%, excluding currency and fuel impacts. The retailer saw the strongest performance in Canada, where comp store sales increased by 10%. Other international markets delivered a sol...
22 December 2015
Costco in Australia has recorded sales of over AU$1bn for the first time. Sales jump by over 50% The members club cash and carry business in Australia has seen sales jump 50.7% in FY 2015 to AU$1.32bn. Sales were assisted by the growth in both new and existing outlets, with categories such as fresh food in particular, understood to be performing really well. The retailer also saw prof...
09 December 2015
Leading global warehouse club operator Costco has announced sales performance for the first quarter of its 2015/16 year, revealing comparable sales down 1% at group level.  However, it achieved a more solid +2% in its core market in the US, where the relative strength of the dollar had no impact. Adjusted performance of +6% Excluding the negative impacts, especially of deflation in fuel sal...