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Costco August sales up: Cooler, frozen, candy going strong
Costco reported net sales of $17.55 billion for the retail month of August, an increase of 11.4% from $15.75 billion last year.
1 Min Read
“Better performing” departments for the month also included bakery and produce.Getty Images
TOP TAKEAWAYS
In merchandise: Cooler, frozen foods and candy were the strongest departments
Inflation on center store food and fresh: slightly higher than in June and July
U.S. regions with the strongest sales: Midwest, Southeast, Northeast
Costco Wholesale Corporation has reported net sales of $17.55 billion for the retail month of August, the four weeks ended August 28, an increase of 11.4% from $15.75 billion last year.
For the 16-week fourth quarter ended August 28, the Issaquah, Washington-based company reported net sales of $70.8 billion, an increase of 15.3 % from $61.4 billion during the similar period last year.
And for the 52-week fiscal year ended August 28, the company reported net sales of $222.7 billion, an increase of 15.9% from $192.1 billion during the similar period last year.
Additional highlights from a recording earnings call include:
In merchandise: Cooler, frozen foods and candy were strongest departments
Inflation on center store food and fresh: slightly higher than in June and July
U.S. regions with the strongest sales: Midwest, Southeast, Northeast
Fresh food sales were up, in the high single digits
“Better performing” departments included bakery and produce
Costco currently operates 838 warehouses, including 578 in the United States and 107 in Canada.
