Costco Wholesale July comparable sales up 10%

ISSAQUAH, Wash., Aug. 03, 2022 (GLOBE NEWSWIRE) – Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $16.85 billion for the retail month of July, the four weeks ended July 31, 2022, an increase of 10.8 percent from $15.21 billion last year.
For the forty-eight weeks ended July 31, 2022, the Company reported net sales of $205.19 billion, an increase of 16.4 percent from $176.30 billion during the similar period last year.

-Total comparable sales excluding impacts from changes in gasoline prices and forex grew 7%.

-E-commerce comparable sales increased 10.2%, and excluding impact from gas prices and forex, grew 11.5%.

-July had 1 shopping day less than last year in the U.S. due to Independence Day.

-This negatively impacted COST’s total and comparable sales by ~2.5%, and its U.S. total and comparable sales by ~3.5%.…