Costco news

For a second successive quarter, Costco’s performance was impacted by softer sales in big ticket non-food discretionary items. This was partly due to cautious shopping in the ongoing inflationary environment, but also due to tough comparatives where these products performed better than usual in the last two years. Here we look at those results in more detail and highlight five key takeouts. Co...

Costco has reported revenue growth of 5.2% for the second quarter, fiscal 2023. We take a closer look at these results and what is driving this performance.  Second quarter key numbers: Q2 total revenue up 5.2% to $54.2 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 6.8%, including up 5.8% in the US, 9.6% in Canada and 9.5% in other international markets ...

In its Q1 results, Costco has reported total revenue growth of 8.1%, despite tough comparatives. Here we explore the factors underpinning this performance and its plans for 2023.    First quarter key numbers: Q1 total revenue up 8.1% to $53.4 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 7.1%, including up 6.5% in the US, 8.3% in Canada and 9.1% in other intern...

American wholesaler, Costco, continues to expand into new international markets. We look at its plans for New Zealand and Sweden. First store opened in New Zealand In September, hundreds queued in the rain to visit Costco’s first store in New Zealand. The 14,800 sq. m store is in Westgate, on the north-western edge of Auckland. It features 800 parking spaces and a fuel station. It becomes o...

Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...

As Metcash looks to invest in prices to remain competitive and launches SupaValu from IGA in Melbourne, Amazon offers free one-day delivery for Prime members, amongst other developments, we round up news from the market. Metcash aiming to remain price competitive… Metcash-owned IGA and Foodland stores, according to reports from The Australian, are aiming to remain price competitive by focus...

Latest accounts filed with Companies House show the UK operation of global warehouse club operator Costco saw its sales rise by 14.4% in the year to 29 August 2021, reaching £3,582m over the 12 months. This is the wholesaler’s second year of double-digit growth over the pandemic period, following its +15.7% performance in the year to 30 August 2020 . Outstanding ‘pandemic’ result with broad...

While most retailers have seen inflation benefit their top line in their latest quarterly performances, many have seen their profitability dip. Unable to pass on the full impact of higher costs to customers, or reduce costs in other parts of their business given the rapid run-up in inflation this year, margins have been impacted. But Costco has fared better. We look at how it outperformed its pee...

Costco’s net sales increased 16.1% in the second quarter, maintaining its strong pace of growth despite tough comparables from last year. Against this backdrop of growth, we look at how it is navigating cost and supply chain challenges. Q2 key numbers Net sales increased 16.1% to $50.9 bn Comparable sales (ex-fuel and currency impacts) up 11.3% in the US, 12.4% in Canada and 9.0% in o...

Building on its recent out-performance, Costco delivered its highest-ever sales growth for the month of December. Net sales up 16.2% As one of the first global retailers to report on its holiday performance, Costco’s results provide a great read on consumer sentiment, especially in North America, which accounts for over 86% of its sales. Sales in December increased 16.2% globally to $22.2bn,...