Canada: revenue of Costco stores 2015-2020

The revenue of Costco, the American retailer operating warehouse club stores, has gradually risen year-on-year in Canada reaching approximately 22.43 billion U.S. dollars in 2020's fiscal year. This is an increase of over five 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. Over 100 million people worldwide were Costco members in 2020. 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 more than 100 Costco warehouses in 2020, 14 warehouses more than in 2015. Ontario, Canada’s most populous province, was home to 36 warehouses in that year, followed by Quebec with more than 20 stores.