Costco Wholesale November Comps Up 10.8%

(RTTNews) - Costco Wholesale Corp. (COST) reported that its total comparable sales for the month of November 2017 increased 10.8 percent, with a 10.2 percent increase in U.S., a 13.8 percent rise in Canada, and Other International comparable sales rose 11.1 percent. E-commerce sales were up 39.0 percent.

Monthly Comparable sales, excluding the impacts from changes in gasoline prices and foreign exchange, were up 7.9 percent, with a 8.4 percent rise in U.S., a 6.3 percent increase in Canada, and 7.2 percent rise in Other International comparable sales.

Net sales were $11.26 billion for the month of November, the four weeks ended November 26, 2017, an increase of 13.2 percent from $9.95 billion during the similar period last year.

While this year's twelve-week first quarter included one less sales day than the first quarter last year (due to the shift of the Thanksgiving closure this year), pre-Thanksgiving and Black Friday/holiday weekend sales fell into the first quarter this year compared to the second quarter last year. Combined, these factors produced an estimated net benefit of approximately 1.5% in the U.S., and slightly less worldwide.