Costco Wholesale revenue

Revenue of Costco Wholesale 2006-2018

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The following table shows the revenue of Costco wholesale from 2006 to 2018 including the revenue from sales of products and services as well as membership fees.

YearNet Revenue Mn $Total sales Mn $Membership fees Mn $
2018$ 1,41,576$ 1,38,434$ 3,142
2017 $       1,29,025  $       1,26,172  $              2,853 
2016 $       1,18,719  $       1,16,073  $              2,646 
2015 $       1,16,199  $       1,13,066  $              2,533 
2014 $       1,12,640  $       1,10,212  $              2,428 
2013 $       1,05,156  $       1,02,870  $              2,286 
2012 $          99,137  $          97,062  $              2,075 
2011 $          88,915  $          87,048  $              1,867 
2010 $          77,946  $          76,255  $              1,691 
2009 $          71,422  $          69,889  $              1,533 
2008 $          72,483  $          70,977  $              1,506 
2007 $          64,401  $          63,088  $              1,313 
2006 $          60,151  $          58,963  $              1,188 

The retail industry has evolved fast in this decade and despite being met with a  challenging environment, Costco has continued to grow its sales and number of warehouses. In 2017 its total revenue grew by around 10 Billion dollars as compared to the previous year. Its 2017 revenue was 129 Billion dollars whereas its 2016 revenue was 118.7 Billion  dollars. In 2016, Costco’s net sales amounted to 126 Billions compared to 116 Billions previous year.  Its Revenue from memberships grew 2.85 Billion dollars in 2017 compared to 2.65 Billions previous year. For the first thirty one weeks of fiscal year (ended April 8, 2018), the company reported net sales of 81.43 Billion dollars which was 11.8% higher than its net sales during the same period previous year. In 2016, its net sales during the same period amounted to 72.82 Billion dollars.  Net sales online grew from 3% of net sales in 2015 to 4% in 2016 and 2017 respectively. Its Kirkland signature brand is well known for its high quality and great value. In 2017, sales of Kirkland signature were higher than 35 Billion dollars. The higher net sales were mainly because of increased product offerings across  apparel, sporting goods, fresh food and organic food categories.

Sources:

Data sourced from annual reports of Costco available on its investors’ website.

Abhijeet Pratap

Abhijeet has been blogging on educational topics and business research since 2016. He graduated with a Hons. in English literature from BRABU and an MBA from the Asia-Pacific Institute of Management, New Delhi. He likes to blog and share his knowledge and research in business management, marketing, literature and other areas with his readers.