Costco's November revenue was dismal! E-commerce sales dropped 10.1%!

It is learned that recently, the North American e-commerce platform Costco once again announced its strong monthly sales performance in November. Data showed that in the past four weeks, Costco's net sales increased by 5.7% year-on-year to US$19.17 billion, higher than US$18.13 billion in the same period last year.

According to the performance report, Costco's total comparable sales in November this year increased by 4.6% compared with the same period last year. Among them, the total comparable sales in the US market increased by 6.0%, and the total comparable sales in the Canadian market increased by 1%.

Costco also reported net sales of $53.44 billion for its most recent quarter ended November 20, 2022, up 8.1% from $49.42 in the same period last year.

It is worth noting that Costco's e-commerce sales unexpectedly fell 10.1% in November due to continued high inflation, increasing living pressures and weakening demand for non-essential goods. After announcing the November sales data, the company's stock price plummeted 3.2%.

It is learned that as of now, Costco operates 845 warehouses worldwide, including 582 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the United Kingdom, 18 in South Korea, 14 in Taiwan, 13 in Australia, 4 in Spain, 2 each in France and China, and 1 each in Iceland, New Zealand and Sweden. Costco also operates online shopping websites in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan and Australia.

Editor ✎ Nicole/

Disclaimer: This article is copyrighted and may not be reproduced without permission.