Costco Wholesale Corporation Reports September Sales Results
Costco Wholesale (Nasdaq: COST) reported net sales of $24.62 billion for September 2024, a 9.0% increase from $22.59 billion last year. Comparable sales showed growth across all regions, with total company comparable sales at 6.7% and e-commerce sales surging 22.9%. Excluding impacts from gasoline prices and foreign exchange, total company comparable sales were 8.9%.
The company noted that sales benefited from increased consumer activity due to Hurricane Helene and port strikes, boosting U.S. sales by approximately 2% and worldwide sales by 1.5%. Costco currently operates 891 warehouses globally and e-commerce sites in eight countries.
Costco Wholesale (Nasdaq: COST) ha riportato vendite nette di 24,62 miliardi di dollari per settembre 2024, un aumento del 9,0% rispetto ai 22,59 miliardi di dollari dell'anno scorso. Le vendite comparabili hanno mostrato una crescita in tutte le regioni, con vendite comparabili totali dell'azienda al 6,7% e vendite e-commerce in aumento del 22,9%. Escludendo l'impatto dei prezzi della benzina e del cambio valutario, le vendite comparabili totali dell'azienda sono state 8,9%.
L'azienda ha osservato che le vendite hanno beneficiato di un aumento dell'attività dei consumatori dovuto all'uragano Helene e agli scioperi nei porti, con un incremento delle vendite negli Stati Uniti di circa il 2% e un aumento mondiale delle vendite dell'1,5%. Costco attualmente gestisce 891 magazzini a livello globale e siti e-commerce in otto paesi.
Costco Wholesale (Nasdaq: COST) reportó ventas netas de 24.62 mil millones de dólares para septiembre de 2024, un aumento del 9.0% desde 22.59 mil millones de dólares el año pasado. Las ventas comparables mostraron crecimiento en todas las regiones, con ventas comparables totales de la compañía en un 6.7% y ventas de comercio electrónico aumentando un 22.9%. Excluyendo los impactos de los precios de la gasolina y el tipo de cambio, las ventas comparables totales de la compañía fueron del 8.9%.
La compañía notó que las ventas se beneficiaron de un aumento en la actividad de los consumidores debido al huracán Helene y las huelgas en los puertos, impulsando las ventas en EE. UU. en aproximadamente un 2% y las ventas globales en un 1.5%. Actualmente, Costco opera 891 almacenes a nivel mundial y sitios de comercio electrónico en ocho países.
코스트코 도매 (Nasdaq: COST)는 2024년 9월에 246억 2천만 달러의 순매출을 보고했으며, 이는 작년 225억 9천만 달러에 비해 9.0% 증가한 수치입니다. 전 지역에서 comparable sales가 증가했으며, 회사의 전체 comparable sales는 6.7%이고 전자상거래 매출은 22.9% 증가했습니다. 휘발유 가격 및 환율의 영향을 제외하면 회사의 전체 comparable sales는 8.9%였습니다.
회사는 허리케인 헬렌과 항구 파업으로 인한 소비자 활동 증가로 매출이 증가했으며, 이는 미국 매출을 약 2% 증가시키고 세계 매출을 1.5% 증가시켰다고 언급했습니다. 현재 코스트코는 전 세계적으로 891개의 창고를 운영하고 있으며, 8개국에 전자상거래 사이트를 운영하고 있습니다.
Costco Wholesale (Nasdaq: COST) a rapporté des ventes nettes de 24,62 milliards de dollars pour septembre 2024, soit une augmentation de 9,0% par rapport à 22,59 milliards de dollars l'année dernière. Les ventes comparables ont montré une croissance dans toutes les régions, avec des ventes comparables totales de l'entreprise à 6,7% et des ventes en ligne en forte hausse de 22,9%. En excluant les impacts des prix du gaz et des devises étrangères, les ventes comparables totales de l'entreprise étaient de 8,9%.
L'entreprise a noté que les ventes ont bénéficié d'une activité accrue des consommateurs due à l'ouragan Helene et aux grèves dans les ports, boostant les ventes américaines d'environ 2% et les ventes mondiales de 1,5%. Costco exploite actuellement 891 entrepôts dans le monde et des sites de commerce électronique dans huit pays.
Costco Wholesale (Nasdaq: COST) berichtete von Nettoverkaufszahlen in Höhe von 24,62 Milliarden Dollar für September 2024, ein Anstieg von 9,0% von 22,59 Milliarden Dollar im letzten Jahr. Die vergleichbaren Verkaufszahlen zeigten in allen Regionen Wachstum, mit gesamtunternehmensvergleichbaren Verkaufszahlen von 6,7% und e-Commerce-Verkäufen, die um 22,9% anstiegen. Ohne die Einflüsse der Benzinpreise und des Wechselkurses betrugen die gesamtunternehmensvergleichbaren Verkaufszahlen 8,9%.
Das Unternehmen stellte fest, dass die Verkäufe von einem Anstieg der Verbraucheraktivität aufgrund des Hurrikans Helene und der Hafenstreiks profitierten, was die Verkäufe in den USA um etwa 2% und die weltweiten Verkäufe um 1,5% steigert. Costco betreibt derzeit 891 Lagerhäuser weltweit und E-Commerce-Seiten in acht Ländern.
- Net sales increased by 9.0% to $24.62 billion
- Total company comparable sales grew by 6.7%
- E-commerce sales surged by 22.9%
- Comparable sales excluding gas and forex impacts increased by 8.9%
- Unexpected events (Hurricane Helene and port strikes) boosted sales
- None.
Insights
Costco's September sales report showcases robust growth, with net sales reaching
Excluding gasoline prices and foreign exchange impacts, comparable sales growth was even stronger at
It's worth noting that Hurricane Helene and port strikes boosted sales by about
Costco's continued expansion, now operating 891 warehouses globally, demonstrates its strong market position and growth potential. The company's ability to maintain robust sales growth across various international markets is a positive sign for long-term investors.
Costco's September performance underscores its resilience in a challenging retail environment. The
The company's membership model continues to drive consistent growth across markets. Strong performance in international segments, especially the
Costco's ability to drive traffic and sales during events like Hurricane Helene demonstrates its importance as a go-to retailer for essential goods during crises. This reinforces its value proposition to consumers and its potential resilience during economic downturns.
The consistent expansion of warehouses, including recent entries into new markets like China and Sweden, shows Costco's commitment to long-term growth. This strategy should continue to drive revenue and market share gains in the coming years.
ISSAQUAH, Wash., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of
Comparable sales were as follows:
| 5 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:
| 5 Weeks | |||
| U.S. | |||
| Canada | |||
| Other International | |||
| Total Company | |||
| E-commerce | |||
This year's total and comparable sales for the retail month of September benefitted by approximately two percent in the U.S. and one and one-half percent worldwide as a result of the increased sales in the final week of the month due to abnormal consumer activity associated with Hurricane Helene and port strikes.
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, October 16, 2024.
Costco currently operates 891 warehouses, including 614 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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