In its Q1 results, Costco has reported total revenue growth of 8.1%, despite tough comparatives. Here we explore the factors underpinning this performance and its plans for 2023.    First quarter key numbers: Q1 total revenue up 8.1% to $53.4 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 7.1%, including up 6.5% in the US, 8.3% in Canada and 9.1% in other intern...

American wholesaler, Costco, continues to expand into new international markets. We look at its plans for New Zealand and Sweden. First store opened in New Zealand In September, hundreds queued in the rain to visit Costco’s first store in New Zealand. The 14,800 sq. m store is in Westgate, on the north-western edge of Auckland. It features 800 parking spaces and a fuel station. It becomes o...

Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...