Costco Wholesale Corporation Reports October Sales Results
Costco (COST) reported net sales of $20.03 billion for October 2024, showing a 7.2% increase from $18.68 billion last year. The first nine weeks' sales reached $44.65 billion, up 8.0% year-over-year. Total company comparable sales grew 5.1% for the 4-week period and 5.9% for the 9-week period. E-commerce showed strong performance with 19.3% and 21.2% growth for the respective periods. October results were negatively impacted by sales pull-forward due to September's hurricanes and port strikes, affecting total and comparable sales by over 1% in the U.S. and slightly less worldwide.
Costco (COST) ha riportato vendite nette di 20,03 miliardi di dollari per ottobre 2024, mostrando un incremento del 7,2% rispetto ai 18,68 miliardi dell'anno scorso. Le vendite delle prime nove settimane hanno raggiunto 44,65 miliardi di dollari, in crescita dell'8,0% anno su anno. Le vendite comparabili totali dell'azienda sono cresciute del 5,1% nel periodo di 4 settimane e del 5,9% nel periodo di 9 settimane. L'e-commerce ha mostrato una performance forte con una crescita del 19,3% e del 21,2% nei rispettivi periodi. I risultati di ottobre sono stati influenzati negativamente da un anticipo delle vendite a causa degli uragani di settembre e degli scioperi nei porti, che hanno avuto un impatto sulle vendite totali e comparabili di oltre l'1% negli Stati Uniti e leggermente meno nel resto del mondo.
Costco (COST) reportó ventas netas de 20,03 mil millones de dólares para octubre de 2024, mostrando un incremento del 7,2% respecto a los 18,68 mil millones del año pasado. Las ventas de las primeras nueve semanas alcanzaron 44,65 mil millones de dólares, un aumento del 8,0% interanual. Las ventas comparables totales de la empresa crecieron un 5,1% en el período de 4 semanas y un 5,9% en el período de 9 semanas. El comercio electrónico mostró un rendimiento fuerte con un crecimiento del 19,3% y del 21,2% en los períodos respectivos. Los resultados de octubre se vieron negativamente afectados por la anticipación de ventas debido a los huracanes de septiembre y los paros en los puertos, afectando las ventas totales y comparables en más del 1% en EE. UU. y ligeramente menos en todo el mundo.
코스트코 (COST)는 2024년 10월 순매출이 200억 3천만 달러에 달하며, 작년 186억 8천만 달러에 비해 7.2% 증가했다고 보고했습니다. 처음 9주 간의 매출은 446억 5천만 달러에 이르렀으며, 전년 대비 8.0% 증가했습니다. 회사의 전체 비교 가능한 매출은 4주 기간 동안 5.1%, 9주 기간 동안 5.9% 증가했습니다. 전자상거래는 각각의 기간에 대해 19.3%와 21.2%의 강력한 성장을 보여주었습니다. 10월 결과는 9월의 허리케인과 항구 파업으로 인해 발생한 매출 선전이 부정적인 영향을 미쳤으며, 미국에서 총 및 비교 가능한 매출에 1% 이상 영향을 미쳤고, 전 세계적으로는 조금 덜한 영향을 미쳤습니다.
Costco (COST) a annoncé des ventes nettes de 20,03 milliards de dollars pour octobre 2024, ce qui représente une augmentation de 7,2% par rapport à 18,68 milliards de dollars l'année précédente. Les ventes des neuf premières semaines ont atteint 44,65 milliards de dollars, soit une hausse de 8,0% par rapport à l'année précédente. Les ventes comparables totales de l'entreprise ont progressé de 5,1% sur une période de 4 semaines et de 5,9% sur une période de 9 semaines. Le commerce électronique a montré de bonnes performances avec une croissance de 19,3% et de 21,2% pour les périodes respectives. Les résultats d'octobre ont été négativement impactés par un apport anticipé des ventes en raison des ouragans de septembre et des grèves portuaires, affectant les ventes totales et comparables de plus de 1% aux États-Unis et légèrement moins dans le reste du monde.
Costco (COST) berichtete für Oktober 2024 von Nettoumsätzen in Höhe von 20,03 Milliarden Dollar, was einem Zuwachs von 7,2% im Vergleich zu 18,68 Milliarden Dollar im vergangenen Jahr entspricht. Der Umsatz in den ersten neun Wochen betrug 44,65 Milliarden Dollar, was einem Anstieg von 8,0% im Jahresvergleich entspricht. Die Gesamtverkäufe des Unternehmens wuchsen im 4-Wochen-Zeitraum um 5,1% und im 9-Wochen-Zeitraum um 5,9%. Der E-Commerce zeigte mit 19,3% und 21,2% Wachstum in den jeweiligen Zeiträumen eine starke Leistung. Die Ergebnisse im Oktober wurden negativ beeinflusst durch vorgezogene Verkäufe aufgrund der Hurrikane im September und der Hafenstreiks, die die Gesamt- und vergleichbaren Verkäufe in den USA um über 1% und weltweit etwas weniger beeinträchtigten.
- Net sales increased 7.2% to $20.03 billion in October
- E-commerce sales grew significantly by 19.3% in October
- Strong international performance with Canada showing 8.0% comparable sales growth
- Nine-week sales up 8.0% to $44.65 billion
- October sales negatively impacted by pull-forward effect from September hurricanes and port strikes
- U.S. comparable sales growth (4.1%) lagged behind other regions
Insights
Costco's October sales data reveals robust growth with
While U.S. comparable sales grew
The consistent performance across regions and channels, coupled with steady warehouse expansion (now at 892 locations), indicates sustainable growth trajectory and effective market penetration strategy.
ISSAQUAH, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of
Net sales for the first nine weeks were
Comparable sales were as follows:
| 4 Weeks | 9 Weeks | ||
| U.S. | |||
| Canada | |||
| Other International | |||
| Total Company | |||
E-commerce | |||
Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
| 4 Weeks | 9 Weeks | ||
| U.S. | |||
| Canada | |||
| Other International | |||
| Total Company | |||
E-commerce | |||
October results were negatively affected by a pull forward in sales from the abnormal consumer activity associated with the hurricanes and port strikes in September. The estimated impact on October’s total and comparable sales was a little more than one percent in the U.S. and slightly less than one percent worldwide.
Additional discussion of these results is available in a pre-recorded message. It can be accessed by visiting investor.costco.com (click on “Events & Presentations”). This message will be available through 4:00 p.m. (PT) on Wednesday, November 13, 2024.
Costco currently operates 892 warehouses, including 615 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia.
Certain statements contained in this document and the pre-recorded message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, inflation or deflation, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs and wages), workforce interruptions, energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to environmental and social matters, public-health related factors, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP.
| CONTACTS: | Costco Wholesale Corporation David Sherwood, 425/313-8239 Josh Dahmen, 425/313-8254 Andrew Yoon, 425/313-6305 |
COST-Sales
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