Costco Wholesale reports 17.2% comparable sales growth in March
Costco Wholesale (NASDAQ:COST) on Wednesday reported Mar. total comparable sales growth of 17.2%, withÂ net salesÂ up 18.7% Y/Y at $21.61B.
Excluding impacts from changes in gasoline prices and forex, total comparable sales increased 12.2%.
E-commerce comparable sales were up 8.9% and,Â excluding impacts from changes in gasoline prices and forex, grew 9.2% in Mar.
This year's 5-week Mar. retail month had 1 additional shopping day vs. last year due to the calendar shift of Easter.
This positively impacted total and comparable sales by ~1% and ~0.5-2%, respectively.