Costco reported revenue of $53.3b, up 12% from last year’s $47.4b. The company’s net income stood at $1.3b, up 30% YoY.
Costco’s revenue, last five quarters:
- Q3 2020: $53.3b
- Q2 2020: $37.2b
- Q1 2020: $39b
- Q4 2019: $37b
- Q3 2019: $47.4b
- For its financial year that ended Aug. 30, the company reported revenue of $166b and net income of $4b, up 9% YoY.
- The company’s e-commerce sales increased by 91% (and was 8% of Costco's overall revenue, up from 5% last year). Walmart reported a 97% increase in its e-commerce sales for its recent quarter.
- Unlike Walmart, the company doesn’t offer curbside pickup. It offers same-day delivery under a partnership with Instacart. According to a recent survey by Incisiv, 80% of shoppers expect to do more in-store pickup and curbside pickup over the next six months, and 90% of shoppers prefer home delivery over a store visit.