Costco Wholesale Corporation Reports January Sales Results

ISSAQUAH, Wash., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $22.08 billion for the retail month of January, the five weeks ended February 4, 2024 an increase of 4.5 percent from $21.13 billion last year.

For the 22 weeks ended February 4, 2024, the Company reported net sales of $104.94 billion, an increase of 6.0 percent from $99.00 billion for the 22 weeks of fiscal year 2023 ended January 29, 2023.

Comparable sales for the periods ended February 4, 2024 were as follows:

	5 Weeks			22 Weeks
U.S.	1.6%			3.2%
Canada	6.2%			7.9%
Other International	5.1%			9.6%
Total Company	2.7%			4.7%
E-commerce	21.0%			12.1%

Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

	5 Weeks			22 Weeks
U.S.	2.2%			3.7%
Canada	6.6%			8.7%
Other International	6.3%			7.2%
Total Company	3.4%			4.8%
E-commerce	20.9%			11.8%

This year’s retail month of January had one less shopping day due to the timing of New Year’s Day. This negatively impacted total and comparable sales by approximately three to three and one-half percent.

Additional discussion of these results is available in a recorded message. It can be accessed by dialing 1-888-848-7292 or by visiting investor.costco.com (click on “Events & Presentations”). This message will be available through 4:00 p.m. (PT) on Wednesday, February 14, 2024.