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Costco Canada posts Q2 results

Warehouse club operator sees same-store sales increase more than 13%

Costco Canada is coming off yet another strong quarter, as the warehouse club continues to benefit from pandemic-related shopping habits.

Same-store sales for the four weeks ended Feb. 14 increased 13.4%, while comparable sales–excluding the impact of gasoline sales and foreign currency fluctuations--increased 10.6%.

E-commerce sales for the warehouse club operator were also strong. Costco, which operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia, reported an online sales increase of 75.8%

In all, Costco Wholesale Corporation reported net sales of US$43.89 billion for the quarter, an increase of 14.7% from $38.26 billion last year.

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