Costco March Sales up 12%

April 7, 2010  by in UnCategorized   

By Home Furnishings Business in Financial Reports on April 8, 2010

Costco, Issaquah, Wash., reported March 2009 sales of $7.14 billion on Thursday, a 12 percent increase from the same five-week period last year.

This year's five-week period for March included 34 days of sales compared to 35 last year; Easter fell in the reporting month of April last year. This calendar shift negatively impacted this year's March total and comparable sales by approximately one to two percent.

For the thirty-one weeks ended April 4, Costco reported net sales of $45.2 billion, an increase of nine percent from $41.48 billion during the similar period last year.

Costco currently operates 567 warehouses, including 414 in the United States and Puerto Rico, 77 in Canada, 21 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, one in Australia and 32 in Mexico. The company also operates Costco Online, an electronic commerce Web site. Costco plans to open up to six additional new warehouses prior to the end of its 2010 fiscal year on August 29.