ISSAQUAH, WA - More updates have come from Costco regarding the grocer’s financial performance! For the 17 weeks ended December 31, 2023, the club chain reported that its net sales reached $82.86 billion.
This boost in net sales signifies a 5.9 percent increase from $78.26 billion for the 17 weeks of fiscal year 2023, which ended December 25, 2022. According to a press release, net sales for the 17 weeks were negatively impacted by approximately 0.5 to 1 percent from the shift of the fiscal calendar, as a result of the 53rd week in fiscal year 2023.
The retail month of December 2023 had one additional shopping day due to the timing of New Year’s Day, which reportedly benefited the grocer’s total and comparable sales by approximately 3 percent. For December—the five weeks ended December 31, 2023—Costco reported net sales of $26.15 billion, an increase of 9.9 percent from $23.8 billion last year.
The retailer’s footprint currently spans 871 warehouses reaching across various countries including the United States, Canada, Mexico, Japan, the United Kingdom, and more.
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