Costco's e-commerce revenue grew 44.4% in fiscal year 2021! App downloads exceeded 10 million!

It is learned that Costco, the largest supermarket chain in the United States, recently released its fourth-quarter financial report for 2021. The report shows that the company's total e-commerce revenue this fiscal year increased by 44.4% year-on-year, and the number of downloads of its mobile application has exceeded 10 million.

Additionally, its net sales increased by 17.5% to $61.4 billion. Net sales for the fiscal year increased by 17.7% to $192.1 billion.

Meanwhile, the company's net income was $1.67 billion, compared with $1.39 billion in 2020, as its labor and operating costs increased last year due to the impact of the epidemic.

Surprisingly, Costco's app downloads exceeded 10 million this fiscal year. The company said the app is still being improved and more features will be launched in the future. In addition, the company has launched the Costco payment service, which is currently being piloted in some areas and is expected to be fully promoted in the middle of next month.

Editor✎ Irene/

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