Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) announced its net sales figures for the retail month of April, spanning the four weeks ended May 5, 2024. The company reported net sales of $19.80 billion for this period, marking a 7.1 percent increase from the $18.48 billion reported last year.
The retail month of April this year was influenced by the shift in the timing of Easter, which had a slight negative impact on total and comparable sales, reducing them by just over 0.5 percent.
Further discussion regarding these results is available in a pre-recorded message, accessible by visiting investor.costco.com (click on “Events & Presentations”). This message will remain accessible until 4:00 p.m. (PT) on Wednesday, May 15, 2024.
Currently, Costco operates 876 warehouses worldwide, including 604 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 33 in Japan, 29 in the United Kingdom, 18 in Korea, 15 in Australia, 14 in Taiwan, six in China, four in Spain, two in France, and one each in Iceland, New Zealand, and Sweden. Additionally, Costco operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan, and Australia.
This document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements address activities, events, conditions, or developments that the Company expects or anticipates may occur in the future. These statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated. Risks include economic conditions, competition, regulation, financial market uncertainties, consumer spending patterns, security breaches, real estate conditions, costs associated with employees and commodities, geopolitical conditions, climate change, public health factors, and other risks identified in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update them, except as required by law. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP.
