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Costco sales rise as competition from Amazon, Lidl looms

May 30, 2017

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Costco on Thursday reported that third quarter fiscal 2017 net sales rose 8% year over year to $28.22 billion, while net sales for the first 36 weeks year-to-date rose 6% from the same period last year to $84.82 billion, according to a company press release.

Same-store sales in the quarter, excluding gas and foreign currency fluctuations, rose 5% overall and 5% in the U.S., 3% in Canada and 6% elsewhere internationally. For the first 36 weeks of the year, same-store sales rose 3% overall.

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