Revenue of Canadian Costco stores 2015-2019

The revenue of Costco, the American retailer operating warehouse club stores, has gradually risen year-on-year in Canada to reach approximately 21.37 billion U.S. dollars in 2019. This is an increase of over four billion dollars since 2015.

The warehouse club business model

Warehouse clubs offer a more limited range of products than a traditional supermarket and aim to attract shoppers who wish to save money by buying in bulk. Shoppers must become a member and pay a fee to be able to shop in Costco’s warehouses. Almost 95 million people worldwide were Costco members in 2018. There are different tiers of membership, all of which enable members to use any Costco warehouse worldwide and online. Other warehouse club retailers with stores in Canada include Sam’s Club and BJ’s wholesale.

Costco in Canada

The number of Costco locations has risen in line with revenue in Canada – there were 100 Costco warehouses in 2018 and 88 in 2015. Ontario, Canada’s most populous province, was home to 36 warehouses in 2018.

Revenue of Costco in Canada from 2015 to 2019 (in million U.S. dollars)*

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Sources

Release date

November 2019

Region

Canada

Survey time period

2015 to 2019

Supplementary notes

*Figures for the years ending September 30.
Figure for 2015 has been taken from a previous report.

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