Costco Fourth Quarter Sales Rise

Costco Wholesale Corporation had net sales of $61.44 billion for the fourth quarter of its fiscal 2021 year, an increase of 17.5 per cent over net sales of $52.28 billion in the fourth quarter of 2020. Sales in Canada increased 19.5 per cent year-over-year while adjusted sales in Canada increased 6.7 per cent. Fourth quarter net sales for the company’s eCommerce division increased 11.2 per cent year-over-year and adjusted net sales increased 18.9 per cent. Net income for the quarter was $1.67 billion compared to $1.39 billion in the year-ago period.