We’re getting deliveries daily but still not enough given the increased levels of demand on certain key items. “And we're doing our best to stay in stock on these and other items. “Members are turning to us for a variety of items associated with preparing for and dealing with the virus, such as shelf-stable, dry grocery items cleaning supplies, Clorox and bleach water paper goods hand sanitizers sanitizing wipes disinfectants health and beauty aids and even items like water filtration and food storage items,” he explained. As well our Shanghai location, there has been some limitations required on the number of people in the facility at any given time,” Galanti told analysts. Our warehouses have overall remained open, with only a few total days of closures at a couple of locations in Korea. “We saw strength in our February traffic and comp sales related to the news and concerns about the virus, most particularly in the last week of the month, and that's continuing in the first few days of this week. In the U.S., the traffic growth was 6.9% for the first three weeks. “So still a good showing prior to that,” he said. Galanti noted that the traffic increase stood at 7.6% worldwide for the first three weeks before jumping to 9.2% at the end of the period. The average transaction in February grew 2.7%.Ĭomparable traffic in February escalated 9.2% worldwide and 8.9% in the U.S. He noted that fresh foods were up in the low double digits, fueled by meat and produce. ![]() Softlines rose in the mid-single digits, with highlights including housewares, domestics and jewelry. Hardlines had gains in the high single digits, led by lawn and garden, health and beauty aids and tires. Internationally, in local currencies, we saw strong results in Taiwan, Japan, Spain and Mexico.”īy merchandise category, food and sundries saw growth in the low teens, with the strongest departments including food, frozen food, sundries and candy, he said. regions with a strong sales results in February were the Northwest, Texas and the Midwest. This positively impacted total and comparable sales numbers by approximately 3 percentage points,” Galanti said in the call. “Our February results benefited from last week’s big uptick in sales, the fourth week of last month - mostly, we believe, related to concerns around the coronavirus. Adjusted for fuel and foreign exchange, comp sales rose 11.7% companywide and 11.6% in the U.S., 10.4% in Canada and 13.5% internationally. Although the sales penetration is still very small, the sales are quite large, in the high double-digit range year over year.”įor the four weeks ended March 1, covering the February sales period, Costco totaled net sales of $12.20 billion, up 13.8% from $10.72 billion a year ago.Ĭomparable sales jumped 12.1% overall versus a year ago, with gains of 12.4% in the U.S., 10.2% in Canada and 12.5% internationally. “In terms of total online grocery, that continues to grow at a faster rate than the store e-comm comp, both two-day and Instacart, the latter of which isn't included in our e-commerce numbers since they come into the warehouse to buy. ![]() “Overall, a few of the stronger departments - majors, special or kiosk items, seasonal and toys, and housewares - generally benefited from the holiday shift,” Chief Financial Officer Richard Galanti (left) told analysts yesterday in a conference call after the market close. The uptick was about 0.5% for net and comp sales and 11 percentage points for e-commerce sales. Related: BJ’s Wholesale Club drives changes after lackluster Q4, fiscal year salesĮ-commerce sales grew 28.4% year over year in the quarter and were up 28% on an adjusted basis (excluding foreign exchange).Ĭostco said sales got lift from the Thanksgiving holiday coming a week later in 2019. Overall comparable sales rose 8.9% in the second quarter, reflecting increases of 9.1% in the United States, 8.9% in Canada and 7.9% internationally.Įxcluding the impact of fuel price changes and foreign exchange, comp sales were up 7.9%, including 8.1% in the U.S., 6.8% in Canada and 7.1% internationally. Related: Coronavirus fears trigger grocery shopper scramble ![]() Membership fee income grew 6.3% to $816 million. 16, net sales climbed 10.5% to $38.26 billion from $34.63 billion a year earlier, Costco reported late Thursday. Sales surged by double digits at Costco Wholesale in the fiscal 2020 second quarter, including strong comparable-sales gains that ballooned toward the end of February as consumers flocked to stores to stock up on coronavirus-related supplies.įor the 12 weeks ended Feb.
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