Costco reports November, Q1 sales numbers

ISSAQUAH, Wash. — Costco on Wednesday released its November sales, which saw a 3% increase over the same period last year, with net sales totaling $9.68 billion for the four weeks ended Nov. 29. For the company’s 12-week first quarter ended Nov. 22 Costco saw net sales of $26.63 billion, which is a 1% increase over the same period last year. For the 13 weeks ended Nov. 29 the company saw $29.2 billion in net sales, which is 2% more than the same period last year. 

 

The company’s comparable sales in the United States rose 3% for the month, 4% for the 12 weeks and 3% for the 13 weeks. Those numbers rise to 6% across the board if the price of gas deflation and foreign exchange are excluded. For the whole company, comps did not rise at all for the four weeks and 13 weeks, and they dipped by 1% for the first quarter. 

 

Costco will release its operating results for its first quarter on Dec. 8.