Costco Wholesale Corporation (COST)
NASDAQ: COST · Real-Time Price · USD
1,007.02
-7.36 (-0.73%)
Apr 24, 2026, 2:45 PM EDT - Market open
← View all transcripts

Monthly Sales Update June 2021

Jul 8, 2021

Speaker 1

Hello, and thank you for calling Costco Wholesale Corporation. I'm David Sherwood, AVP of Finance and Investor Relations, and I will review our sales results for the 5 week retail month of June, which started on Monday, May 31 and ended on Sunday, July 4. This period is compared to the 5 weeks that began last year on Monday, June 1 and ended on Sunday, July 5. This call will include forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause actual events, results and or performance to differ materially from those indicated by such statements.

The risks and uncertainties include, but are not limited to, those outlined in today's call and sales release as well as other risks identified from time to time in the company's public statements and reports filed with the SEC. Forward looking statements speak only as of the date they are made, and the company does not undertake to update them except as required by law. As reported in our release, net sales for June came in at $18,920,000,000 an increase of 16.9 percent from dollars 16,180,000,000 last year. Comparable sales were as follows. On a reported basis, in the U.

S, The 5 weeks was at 12.1 percent 44 weeks, 14.9 percent. In Canada, the 5 weeks was at 23.4 percent 44 weeks, 21.0 percent. Other international, the 5 weeks is a 15.4% 44 weeks, 20.2%. Total company, 5 weeks, 14.1 percent and the 4 to 44 weeks, 16.4%. And e commerce for the 5 weeks was at 20.8% and for the 4 to 4 weeks, 53.4%.

Comparable sales excluding impacts from changes in gasoline prices and foreign exchange were as follows. In the U. S, the 5 weeks is a 7.8%, 44 weeks, 14.4%. In Canada, the 5 weeks is an 8.9%, 44 weeks, 13.5%. Other international, the 5 weeks is a 6.8%, 44 weeks, 14.5 percent.

Total company, the 5 weeks is a 7.9% and the 44 weeks is a 14.3%. E Commerce for the 5 weeks, 18.0% and for the 44 weeks, 51.5%. Our comp traffic or frequency for June was up 8.1% worldwide and up 6.9% in the U. S. This year's June retail month had 1 fewer shopping day versus last year due to the calendar shift of Memorial Day.

This negatively impacted total and comparable sales as well as traffic by approximately 1.5% to 2%. Foreign currencies year over year relative to the U. S. Dollar impacted June comp sales as follows: Canada, positively by approximately 12% Other international positively by approximately 7.5% and total company positively by approximately 2.6%. Gasoline price inflation positively impacted total reported comp sales by approximately 3 point The average selling price was 41% higher year over year at $3.24 per gallon this year compared to $2.30 last year.

Comp gasoline volume was also up significantly relative to last year and was also positive versus 2019. Worldwide, the average transaction for June was up 5.5%, which included the positive impacts from gasoline inflation and FX. In terms of regional and merchandising categories, the general highlights for as follows. U. S.

Regions with the stronger sales increases were Texas, LA and Southeast. Other international and local currencies, we saw the strongest results in Mexico, Korea and Taiwan. Moving to merchandise highlights. The following comparable sales results by category for the month exclude the positive impact of foreign exchange. Food and sundries were positive low single digits.

Candy, sundries and frozen foods were the strongest departments. Fresh foods were up mid single digits. Better performing departments included service deli and bakery. Non foods are positive low double digits. Better performing departments included special events, kiosks, Toys and Seasonal, Sporting Goods, Jewelry and Domestics.

Ancillary business sales were up mid-40s. Gas, Food Court and Optical were all significant drivers. Looking ahead, the July reporting period will include the 4 weeks beginning July 5 and ending August 1 compared to the 4 weeks last year beginning July 6 and ending August 2. July sales will be announced on Wednesday, August 4 at 1:15 p. M.

Pacific Time. If you have any questions regarding our June sales results or any other Investor Relations questions. Please call Bob Nelson at 425-313-8255, Josh Damon at 425-313-8254 or myself, David Sherwood at 425-313-8239. This recording will be available until 5 p. M.

Pacific Time, Thursday, July 15. Thanks for calling, and have a great day.

Powered by