Costco's revenue exceeded $192 billion in fiscal year 2021! Sales in the fourth quarter exceeded $61.4 billion!

It is learned that the US retail giant Costco has released its 2020-2021 financial report as of August 29, 2021. The following is a summary of the 2021 financial report and the 2021 fourth quarter financial report:

Costco is the second largest chain store in the US retail category after Walmart. Its APP has been downloaded more than 10 million times. Its sales in fiscal year 2020-2021 increased by 17.7% year-on-year to US$192.052 billion, of which the US market increased by 14.8% (adjusted to 13.6%), the Canadian market increased by 20% (adjusted to 12.1%), and the international market increased by 19.1% (adjusted to 13.4%). In 2020, Costco's overall sales increased by 7.7% (adjusted to 9.2%), of which the US increased by 8.2% (adjusted to 9.2%). In fiscal year 2021, Costco's offline store sales increased by 13.4% year-on-year, and its online channel sales increased by 42.6% year-on-year.

Sales in the fourth quarter of fiscal year 2021 reached US$61.44 billion, up 17.5% from US$52.28 billion in the same period last year. E-commerce sales increased by 11.2% year-on-year. Online sales of bulk goods through Costco Logistics increased by 130% year-on-year in the fourth quarter, accounting for 24% of all sales on Costco's US e-commerce website, compared with 11% in the same period last year.

In the fourth quarter, Costco's membership fee revenue increased by 11.7% year-on-year to $1.23 billion, more than double the 5.3% growth in the same period last year. Since the previous quarter, the total number of paying member households has increased by 18.2% to 61.7 million, and the total number of cardholders has increased by 16.4% month-on-month to 111.6 million.

Fourth quarter comparable sales increased 15.5% (9.4% adjusted, excluding fuel and foreign exchange) year over year, led by growth of 14.9% (10.3% adjusted) in the U.S., 19.5% (6.7% adjusted) in Canada and 15% (7.3% adjusted) internationally.

Looking at sales indicators for the fourth quarter, global traffic or shopping frequency increased by 9.2%, with an 8.8% increase in the U.S. Average transaction volume increased by 5.8% globally and 5.6% in the U.S.

Editor ✎ Estella/

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