Costco Wholesale returns to positive comparable sales growth in April
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Costco Wholesale Corporation (NASDAQ:COST) reported sales rose 3.0% to $17.85B for the retail month of April.
Comparable sales were up 1.4% during the month, including a 0.9% increase in the U.S. and 4.9% rise in international markets. E-commerce sales declined by 5.9%. The marks were an improvement from March when comparable sales turned negative.
Comparable sales excluding the impacts from gasoline prices and foreign exchange were 4.3% higher in April, including a 2.9% gain in the U.S. and 7.5% increase in international markets.
At the end of the month, Costco (COST) was operating 851 warehouses, including 585 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 32 in Japan, 29 in the United Kingdom, 18 in Korea, 14 in Taiwan, 14 in Australia, four in Spain, three in China, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia.
Shares of Costco (COST) fell 0.10% in after-hours trading.
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