Costco’s October sales steady in U.S., down in Canada over 2014

ISSAQUAH, Wash. — Costco on Thursday announced its October sales results, which showed a 1% increase over the same period last year, as well as a 1% increase for the nine weeks ended Nov. 1 over the same period last year. 

 

For the month, the company saw $8.78 billion in net sales and $19.53 billion over the nine weeks. Though Costco’s U.S. sales saw a slight increase, its Canadian stores saw an 8% decrease in comparable sales for the month and a 9% decline over nine weeks. Much of the decrease seems to be from the effect of gasoline price deflation and foreign exchange, as without those factors, the company’s Canadian sales were up 10% for both the month and the nine weeks. 

 

In addition to its 482 U.S. locations, 90 Canadian locations and 138 global locations, Costco plans to open nine new warehouses before the end of 2015.