Comps steady in Costco’s Q3

ISSAQUAH, Wash. — Costco on Thursday reported the results of its third quarter and the year-to-date sales, bringing in $26.15 billion in net sales during the quarter and $80.34 billion in sales so far this year.

 

The company’s U.S. comparable store sales for the quarter saw a 0% increase and a 2% increase for the first 36 weeks of the year. Without the effects of gas price deflation and foreign exchange, quarterly comps were at 3% and YTD comps were at 4%.

 

In Canada, Costco’s comps rose 1% for the quarter and fell 5% for the year so far when gas price deflation and foreign exchange are included, but quarterly comps rose 8% for Q3 and 9% YTD when those factors are included.