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Costco Wholesale announces September sales results

Xinhua News,SAN FRANCISCO
2020-10-08 08:01

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SAN FRANCISCO, Oct. 7 (Xinhua) -- U.S. Costco Wholesale Corporation on Wednesday reported its net sales of 16.84 billion U.S. dollars for the retail month of September, the five weeks ended Oct. 5, 2020, an increase of 16.9 percent from 14.41 billion dollars last year.

September sales were positively impacted by two-holiday shifts, Labor Day in the United States and Chuseok/Moon Festival in Asia, the company said.

The estimated positive impact on September sales was slightly less than 100 basis points (bps) worldwide, half relating to each holiday, according to the report.

Costco currently operates 796 warehouses, including 552 in the United States and Puerto Rico, 102 in Canada, 39 in Mexico, and 29 in the United Kingdom.

The company opened its first store in Shanghai, China, last August. In February, it confirmed plans to open a second store in the city.
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